Consolidation goes on and on: Cronimet strengthens market position in Central Europe

Global stainless steel scrap recycler Cronimet Group has expanded its operations by acquiring the MetallPlast Recykling company in Czech Republic.  

Acquisition of the 32-year-old family business marks ‘a significant step’ in Cronimet’s strategic growth in the region, the company states.

MetallPlast Recykling, founded in 1992 by Milan Ryšavý, specialises in the recycling of ferrous scrap, stainless steel, foundry scrap and non-ferrous metals. It will become an integral part of the Cronimet Group’s portfolio.

With seven operational sites across the Czech Republic, equipped with its own fleet of vehicles for disposal services, MetallPlast’s geographic positioning and services enhance Cronimet’s existing network. Cronimet will retain the company’s 48 employees.

Smooth transition  

Lucie Milatová, currently managing director of Cronimet Ostrava, will co-lead MetallPlast with Ryšavý, ‘ensuring continuity and a smooth transition’. The new partnership reflects Cronimet’s commitment to ‘maintain the values and expertise that have made MetallPlast Recykling a trusted name in the region’.

‘This acquisition strengthens our market position in central Europe and offers great synergy potential,’ says Cronimet ceo Jürgen Pilarsky. ‘By leveraging the strengths of both companies, we can expand our service and product offerings for our business partners.’

Recycling soulmates

According to Pilarsky, the take-over is not only about expanding market reach but also aligning with like-minded businesses. ‘Both Cronimet and MetallPlast Recykling are family run companies committed to sustainable and responsible management. ‘The philosophies of both companies align perfectly.’

Turnover EUR 1 billion down

The acquisition comes four months after Cronimet Group had reported its 2023 turnover of EUR 3 billion being EUR 1 billion down on its record year of 2022, primarily caused by fluctuating scrap metal prices.