AS Graanul Invest is a wood pellet producer located in Tallinn, Estonia. It is the Europe's biggest wood pellets producer.[1] The company is majority owned by Apollo funds.
History
Graanul Invest was founded in 2003.[2]
In 2013, Graanul Invest entered into a joint venture agreement with Fulghum Fibres and later Rentech Inc. to create a wood pellet manufacturer Rentech Graanul for pellets production in Canada and the United States.[3] After insolvency of Rentech this joint venture discontinued.
In 2015, Graanul Invest bought from the Swedish companies BillerudKorsnäs AB and Baltic Resources AB the Latvian biggest pellets producer SIA Latgran.[4]