Forest Fuels supplies premium grade wood chip and pellet nationally from a network of 15 local depots, supported by a central office and customer service team. Forest Fuels, which also undertakes consultancy and advisory work, anticipates further growth within the wood fuel sector in the UK. The company provides local fuel to local boilers, which reduces the haulage costs and carbon emissions while stimulating local economies and employment.
“The UK heat supply market has great potential; the use of biomass for heat and power generation offers significant potential to provide renewable energy to commercial and industrial-end users” said Göran Nylin, Chairman, GN Energy Solutions. “This acquisition strengthens our already attractive existing position and further signals our commitment to the biomass sector,”
GN Energy Solutions is also in the process of also acquiring GG Eco Solutions, a leading UK-based renewable energy supplier to the educational, industrial and commercial sectors. Both businesses will continue to focus on ambitious growth within their own market sectors.
There are strong synergies between GG Eco Solutions and Forest Fuels. GG Eco Solutions renewable energy supply business will complement Forest Fuels supply capabilities, and as a result the group’s evolving business model.
Peter Solly, Managing Director of Forest Fuels, commented that the transaction positions the group firmly at the forefront of the wood fuel sector in the UK. “Forest Fuels has witnessed significant growth over the last few years; so this acquisition serves as both a logical and evolutionary step for us” he added. “All of the Forest Fuels staff will remain in post, including myself and Founder and Director Sam Whatmore.”
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