Insolvent German Pellets has several prospective buyers

The insolvent wood pellet manufacturer German Pellets GmbH may well continue its operations, according to the German media, as there are several serious prospective buyers.    The insolvency administrator of the company, Bettina Schmudde, stated that there are several takeover bids from German and foreign investors, without revealing any names. Further on, negotiations will continue with the most promising bidders, as to pass German Pellets to a new owner. First for sale is the core business with three locations in Germany.    According to a report by the Handelsblatt, the German wood processor Rettenmeier ...

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