Mabanaft’s Energy Distribution division sells shares in Kaiser Söhne Mineralöle

Hamburg | 9 January 2024

The Petronord Group, part of Mabanaft's Energy Distribution division, has signed an agreement to sell its shares in Kaiser Söhne Mineralöle GmbH & Co. KG in Arnsberg.

Kaiser Söhne Mineralöle GmbH & Co. KG has been part of the Petronord Group since mid-2002. Over the course of its history, the company has developed from a traditional mineral oil trader to a lubricant specialist for industrial production processes. Today, Kaiser Söhne offers its customers complete lubricant management with a large product range, more than 2 million litres of storage capacity and its own fleet of vehicles.

With effect from 1 February 2024, the shareholders of Kaiser Söhne have reached an agreement to jointly sell the company to Adolf ROTH GmbH & Co. KG in Gießen, as part of a share deal.

“We would like to thank all Kaiser Söhne employees for their constant hard work and commitment,” says Lennard Schneider, Head of Energy Distribution at Mabanaft and Managing Director of Petronord GmbH & Co. KG. “In our view, ROTH Energie is an innovative, solid energy provider. As the new owner, and together with the competent team at Kaiser Söhne, they are significantly strengthening their lubricants business segment and making it fit for the future.”

The Energy Distribution business is a strategically important area within the Mabanaft Group; key focus is on growing the end-customer business, especially in hard-to-electrify sectors, by leveraging its core strengths of sourcing, storing, handling and distributing liquid fuels, and the Group is constantly reviewing new growth and re-investment opportunities.

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The Mabanaft Group is a leading independent and integrated energy company providing its customers with innovative energy solutions for their transportation, heating, industrial and agricultural needs. The group is active in import, distribution and marketing of petroleum products, natural gas liquids, chemicals and biofuels, and supports its customers’ transition to cleaner fuels by providing alternative long-term solutions.

Petronord GmbH & Co. KG is part of the Mabanaft Group, a leading independent and integrated energy company. 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.

Adolf ROTH GmbH & Co. KG is a mid-sized energy provider that offers all energy-related services to private and commercial customers, as well as to retailers. The family-run company with a strong presence in central Hesse, Germany, has been operating since 1949 and focuses on a crisis-proof portfolio and on helping to shape the energy transition.