German Pellets family back in business with Pellex and Woodox companies

Business.conbio.info /2016-08-16   The founding family of the bankrupt wood pellet producer German Pellets is back in business. Kathrin Wiedmar, daughter of the founder Peter Leibold is announced to become the majour share holder of the pellet production and trading company Pellex Bioenergie AG, located in Hamburg, with a pellets production in Sachenburg, Austria. Pellex Bioenergie AG is traded on the Frankfurt stock exchange.

As payment for the new emitted shares in Pellex Bioenergie AG Kathrin Weidmar will transfer her shares in Mitteldeutche Pellet Vertriebgessellschaft GmbH including exclusive trading rights for the Woodox group pellet mills.

The plan is then that Pellex Bioenergie AG will buy the today insolvent Woodox pellet mills. The magnitude of money is 1.8 M€ for only one of the plants according to the German magazine Wirtschafts Woche. According to the magazine have already all of the mortage owners aggreed exept Austrian Heta that yet has to respond. Heta is a “bad bank”, the remaining residues of the nationalised Hypo Alpe-Adria-Bank .

A short time before the domino bancrupties of the German pellets companeies Kathrin Weimar become in December 2015 the owner and manager of the newly founded company MPV Mitteldeutche Pellet Vertriebgessellschaft GmbH with exclusive trading rights for the Woodox pellet mills, rights transferred from the German pellets subsidiary Woodox Management GmbH, a company insolvent in April 2016.

  • Woodox-Werke GmbH Sachsen,
  • Sachsen-Anhalt Nord GmbH
  • Saxony-Anhalt Süd GmbH.

The Woodox plants were run by German Pellets, but was not owned by the group and was not included in the German Pellets bancruptcy, but all Woodox companies are anyhow now also in insolvency. The Woodox group was founded in 2007 by the Austrian company Erneuerbare Energieträger Verwertungs- und Beteiligungs GmbH (EEVB) with connections to the private Foundation Pele. Beneficiaries of the foundation is Anna Kathrin Leibold, wife of the managing partner of German Pellets, Peter Leibold.

Business.conbio.info /2016-08-16 /Lennart Ljungblom