Expansion of Retail Business: Acquisition of ZIEGLMEIER Energie GmbH, Schrobenhausen
The transaction is subject to approval by the Antitrust Regulators.
The activities of ZIEGLMEIER Energie GmbH comprise the distribution of wood pellets and the retail business of the long-established regional oil trading company Zieglmeier GmbH & Co. KG. Following the restructuring of its activities, ZIEGLMEIER Energie GmbH will employ 23 people in its retail business. Nico Zieglmeier will actively accompany the business transition in his position as Managing Director.
With this step, Petronord continues the expansion and diversification of its retail business while retaining a strong focus on the regional identity of fellow partners.
Petronord is a subsidiary of Mabanaft, the trading division of Marquard & Bahls, Germany. Under the umbrella of Petronord, 23 retail companies in Germany and Austria are currently active in the heating oil and diesel fuel end-consumer business, the lubricants distribution, the operation of service stations for commercial trucking fleets ("pool stations") as well as in the trading of bitumen, wood pellets, and natural gas.