The merger affects a total of 15 employees at the two companies, all of whom will keep their jobs. The Bremen and Bremerhaven offices will also be kept, with the Bremen office merely moving to a different location in the city.
Jan Petersen, Managing Director of TMG, said: “The joint venture will allow us to continue reliably supplying our customers in Bremen and Bremerhaven with heating oil and diesel at attractive prices.”
Peter Prien, Managing Director of Mühlenbruch Stinnes, is also very positive about the merger of the businesses: “Our customers will have a broad product range, combined with the extensive know-how of two strong partners. And personal service continues to be our top priority!”
The Managing Directors of the new entity will be Peter Prien and Uwe Rettinghausen, Sales Director End Users at TMG. The joint venture will do business as a TOTAL brand partner, so that customers will recognize both partners in it.
The joint venture is scheduled to start operating at the beginning of 2018, pending the approval of Germany’s antitrust authorities.
Petronord is a subsidiary of Mabanaft, the trading division of Marquard & Bahls, Germany. Under the Petronord umbrella, retail companies in Germany, Austria and Sweden are active in the heating oil and diesel end-consumer business, lubricants distribution, the operation of service stations for commercial trucking fleets ("pool stations"), and the trading of bitumen, wood pellets, natural gas, and electricity.
TOTAL is a globally active, integrated producer and supplier of energy, a leading international oil and gas company, and one of the largest protagonists in solar energy with SunPower and TOTAL Solar. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative, and accessible to as many people as possible.
In Germany, TOTAL has the third-largest network of petrol stations in the country, with around 1,200 stations, offering a wide range of energy and mobility services, with the sale of heating oil and liquefied petroleum gas, lubricants, fuels for air and maritime shipping, bitumen and special products for industry. The Group also operates one of Europe’s most state-of-the-art plants for crude oil processing, the TOTAL refinery in Leuna. The distribution of natural gas and solar solutions from SunPower is also part of the group's activities in Germany, as is the chemicals sector with petrochemical products through to special applications for the automotive and aerospace industries. TOTAL employs more than 3,000 people in Germany.
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