Coryton Advanced Fuels has been acquired by Lantmannen AB
Arrowpoint Advisory’s Industrial team has advised the shareholders of Coryton Advanced Fuels Limited, an emerging leader in the fast-growing market for sustainable fuels, on its sale to Lantmannen AB, the Swedish agricultural co-operative group.
Coryton is a market leading provider of advanced, bespoke fuel solutions to an established customer base operating across a range of end-markets, including motorsport, light and heavy-duty vehicles, aviation and marine. From its headquarters in Essex on the Thames estuary Coryton develops thousands of bespoke fuel blends each year, with global sales volumes exceeding 11 million litres in 2021. Coryton is an emerging leader in the fast-growing market for sustainable fuels, providing advanced bioethanol and biodiesel into applications including international motorsports. The management team led by Andrew Willson will continue to drive the business forward following the acquisition.
Coryton will now become part of the Lantmannen group, the Sweden headquartered market leader in agriculture, machinery, bioenergy and food product with a strong focus on sustainability. Under Lantmannen’s ownership Coryton will continue to develop its sustainable fuel solutions as it continues in its vision to contribute to a net zero emissions world.
Andrew Willson, CEO of Coryton, commented: “Lantmannnen represented the best possible fit with Coryton, the management team here are delighted to have concluded.”
Tom Smith, Director at Arrowpoint Advisory, concluded: “It was a pleasure working with Andrew and the wider Coryton team and we are delighted to have been able to help them secure a transaction which provides the company with a strong platform from which to continue its promising growth trajectory in sustainable fuel solutions. We look forward to following Coryton’s progress over the next few years.”