Greenergy to acquire French fuel distributor Armorine

Photo: Greenergy

Biodiesel producer and fuel supplier Greenergy announced June 17 that it has agreed terms to acquire Armorine, an independent French importer and distributor of fuels and manufacturer of lubricants, headquartered in Brittany.

Armorine was founded in 1932 and has grown to become a well-established supplier of fuels and lubricants in the French market.

Its operations include the import and distribution of fuels, the production of lubricants, and it has its own logistics capabilities allowing it to supply both its customers and third parties with fuel through its national network of oil depots and supply sites.

This acquisition marks Greenergy’s entry into the French market and will allow it to support Armorine’s growth by leveraging opportunities in new sectors, delivering both traditional and renewable fuel solutions.

Greenergy is an established fuel supplier in the U.K., Ireland and Canada, as well as being one of Europe’s largest biodiesel producers.

“Entering the French market marks an important step in Greenergy’s long-term growth strategy,” said Greenergy CEO Adam Traeger. “Like Greenergy, Armorine focuses on meeting customer needs, backed by a commitment to operational reliability and supply-chain resilience. This acquisition not only expands our territory into a new region but also brings on board a highly experienced and skilled local team. We look forward to working with the Armorine team to build on their success and unlock future growth opportunities.”

François Martinat, the president of Armorine, added, “This strategic alliance represents a true opportunity for Armorine to continue its development and gain the means to match its ambitions. Greenergy’s strength lies not only in its scale but also in its logistics expertise, innovation capacity and central role in the biofuels sector. Armorine will benefit from Greenergy’s expertise and know-how across all its activities to accelerate its growth momentum. It is with confidence and peace of mind that we open this new chapter in the history of the Armorine Group.”

Armorine will continue to operate under its own brand and the transaction remains subject to regulatory approval.