Reported about 1 year ago
After facing significant losses in trading physical commodities in the past, Engelhart Commodities Trading Partners is now focusing on buying and supplying natural gas and power. The firm recently agreed to acquire Trailstone Group, aiming to become a major player in physical natural gas and electricity markets globally. This strategic move aligns with the industry trend of trading houses shifting towards physical buying and selling of electricity, especially with the growth of renewable energy sources. While some competitors have seen profits soar, Engelhart is recovering from a period of low margins, with plans to leverage Trailstone's expertise to enhance its gas and power business.
Source: YAHOO