Buyers for Scholz’s Stockach aluminium recycling business

Germany – Germany’€™s Scholz Group has continued the process of streamlining its portfolio by selling its aluminium recycling business ScholzAlu Stockach GmbH, which is based at Stockach on Lake Constance.

All of the shares have been purchased by investors advised by Orlando Management AG. Employing 160 people, ScholzAlu Stockach produces cast and wrought alloys from scrap aluminium and treats salt slag from secondary aluminium production.

‘The parties to the completed transaction have agreed to keep the financial details confidential,’ it has been announced in a statement. With offices in Munich, Zurich and Stockholm, Orlando Management AG advises institutional and private investors on investments in enterprises.