USTC strengthens position in the biomass market with full ownership of CM Biomass
United Shipping and Trading Company (USTC) has completed the acquisition of all remaining shares in CM Biomass, thereby becoming the sole owner of the market-leading biomass company.In 2021, the family-owned USTC acquired a majority stake in CM Biomass, a supplier of wood pellets and biomass, as part of a long-term strategy to gradually increase its ownership in the company. In the autumn of 2024, USTC’s ownership share was increased to 89%, and the long-term strategy has now been completed with the acquisition of the remaining 11% of CM Biomass.
“Our decision to acquire a majority stake