EANS-News: German Pellets Acquires "FireStixx" Group

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Mergers - Acquisitions - Takeovers

Wismar (euro adhoc) - With effect from 1 January 2011 German Pellets
GmbH Wismar has acquired the Blieninger Group, headquartered in
Vilsbiburg, Germany, with its brands "FireStixx" and "pelprotec".

The subsidiary FireStixx Holzenergie GmbH is one of the leading wood
pellet retailers in the German-speaking regions of Europe, and its
"FireStixx" is the best-known wood pellet brand in Germany, Austria
and Italy, followed by "German Pellets". The acquisition also
included the patents for "pelprotec", an innovative and unique
coating technology that offers dust-free loading , a higher heat
value and improved flowability.

With its acquisition of the Blieninger Group, German Pellets has also
taken over the Group´s divisions for sawmill by-products and
logistics, as well as potting and garden soil. The latter division
includes the brands "Faserland", "TERRAfit" and "Torbo Holzfaser".

In the 2010 fiscal year the Blieninger Group achieved a consolidated
overall performance of approx. 84 million euros, with a positive
result in the seven-figure range. Both parties agreed that the
purchase price would not be disclosed.

With this acquisition the pellet manufacturer German Pellets has
further strengthened its market position in Central Europe. Its
portfolio now includes "FireStixx", "German Pellets" and "German
Horse Pellets". The brand "FireStixx", as well as the entire
Blieninger Group, will be operated as an independent business unit.

The Blieninger Group was founded more than 50 years ago and, since
then, has been active in retail trade and in the processing of
sawmill by-products. Since 2001 the company has concentrated on the
retailing and production of wood pellets. The company also holds
shares in an Austrian pellet manufacturing company. The FireStixx
franchise distribution system (www.firestixx.org) includes more than
60 retail operations in Germany, Austria and Italy.

German Pellets GmbH was founded in 2005 in Wismar and, with its nine
production sites, has developed into the largest wood pellet
manufacturer in Germany and Europe.

Further inquiry note:
Claudia Röhr
Tel.: 03841 30306412
E-Mail: claudia.roehr@german-pellets.de

end of announcement euro adhoc
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company: German Pellets GmbH
Am Torney 2a
D-23970 Wismar
phone: +49 (0) 3841 30 30 6 0
FAX: +49 (0) 3841 - 30 30 6 91 00
WWW: http://www.german-pellets.de
sector: Energy
ISIN: DE000A1H3J67
indexes:
stockmarkets: Open Market: Frankfurt, free trade/Bondm: Stuttgart
language: English