Swiss merger: Thommen Group grows bigger

Major Swiss metals recycler Thommen Group has acquired the Wiederkehr Group, also from Switzerland.

The agreement was finalised just before Christmas, with the operational transfer scheduled for April 2025. The timeline is subject to approval from competition authorities. Until then, Peter Wiederkehr will continue to lead the Wiederkehr Group.

The take-over includes Wiederkehr’s subsidiary businesses Wiederkehr Recycling (Waltenschwil), AVO Wiederkehr Recycling (Schwarzenbach), SMV Wiederkehr Recycling (Lauchringen, Germany), as well as associated companies Wierec Trading (Hünenberg) and Wierec Services (Waltenschwil).

‘The acquisition builds on the exceptional work of Peter Wiederkehr,’ says Thommen Group’s ceo Pouyan Dardashti. ‘He has created values that will continue to guide our future direction: responsibility, foresight, and excellence.’

Brand remains

According to both companies, the acquisition marks ‘a significant milestone’. All Wiederkehr Group sites will be retained and the Wiederkehr Recycling brand will continue to operate ‘independently, maintaining its strong identity within the sector’.

Headquartered in Switzerland, Thommen Group operates 29 sites across five countries, under the Thommen, Metallum, and Immark brand names.