Following completion, this strategic acquisition will strengthen Mabanaft’s position in the energy market and enable the company to expand its product portfolio and meet the growing needs of its customers.
Mabanaft offers its customers a broad and flexible range of products and is proactively committed to the energy transition. The company serves the conventional market whilst also playing an active role in the field of innovative, low-carbon fuel solutions. The main focus is on expanding the end-customer business, particularly in sectors that are difficult to electrify, by utilising Mabanaft’s core competencies in the procurement, storage, handling and distribution of liquid fuels.
WESTFA was founded in 1946 and is a liquefied petroleum gas (LPG) supplier based in Hagen, Germany, which operates in the procurement, logistics and distribution of LPG for heating and mobility purposes, serving both commercial and private customers. WESTFA’s strong position in the downstream liquefied petroleum gas market in Germany, the Netherlands, Belgium, France and Luxembourg is an excellent complement to Mabanaft’s existing business and will form part of the company’s long-term growth strategy following the closing of the transaction. The addition of liquefied petroleum gas to the product range will, following the closing, open up new opportunities for Mabanaft and our customers, making our energy solutions even more diverse, reliable and increasingly sustainable. WESTFA’s services are a perfect fit for Mabanaft’s customer portfolio in the heating and mobility sectors and will increase Mabanaft’s market share and value, particularly in the heating sector.
“This acquisition will fit perfectly with our strategic objectives. WESTFA is a well-positioned company with excellent access to end consumers. Together with the WESTFA team, we will focus on continuing to serve their loyal customers and building on the existing relationships that WESTFA has developed over the years. We look forward to welcoming the WESTFA team on board and working closely with them to ensure future success once the necessary approvals have been granted,” says Jon Perkins, CEO of Mabanaft.
Oliver Nehring, Managing Director of Adeleon Familienholding, adds: “We are confident that Mabanaft, with its strong heritage and market presence, will be able to further develop WESTFA and pave the way for sustained success in the energy transition.”
The transaction is expected to be completed in the second quarter of 2024, subject to approval by the competition authorities. The terms of the agreement have not been publicly disclosed.
The Mabanaft Group is a leading independent and integrated energy company that provides its customers with innovative energy solutions in the transport, heating, industrial and agricultural sectors. The group is active in the import, distribution and marketing of petroleum products, natural gas liquids, chemicals and biofuels, and supports its customers in the transition to cleaner fuels by offering alternative long-term solutions.
WESTFA Energy GmbH, together with its subsidiaries, is a family-run business founded in 1946 by Johann Brand in Hagen. As a specialist in liquefied petroleum gas (LPG), WESTFA supplies private households, commercial customers and industry with LPG via its own fleet of lorries through regional distribution units in Germany, the Netherlands, Belgium, Luxembourg and France. WESTFA is also a major supplier of autogas in Germany and the Benelux countries.
