A major takeover in the recycling equipment industry has been announced with the acquisition of Copex by Lefort.
Copex, based in Caudun, France, specialises in the design and manufacture of hydraulic shears and balers for the treatment of scrap metal, metals, and solid waste. Its products are exported worldwide to meet varied industrial needs such as nuclear dismantling, the baling of agricultural plant fibres or the packaging of waste from wastewater.
Founded in 1947 in Belgium by Nestor Lefort and still 100% family owned, Lefort is one of the world’s leading manufacturers of metal recycling equipment. The combined group will have approximately 300 employees and an annual turnover in excess of EUR 110 million.
Lefort says the two companies share ‘a rich heritage, a solid reputation for quality and service, and similar values around excellence, passion and innovation’. Copex’s skills and production capacity will provide Lefort with opportunities to increase its activity and strengthen its local and international presence, it adds.
Alexandre Henkens, ceo of Lefort, says ‘I warmly welcome Copex and all its talented employees. This operation is an important step for Lefort and enhances an invaluable heritage of knowledge and experience in the recycling industry’.
Frédéric Malin, majority shareholder and ceo of Copex, has been in charge since 1998. ‘By deciding to associate the destiny of my company with that of Lefort, I see it as a tremendous outcome. Moreover, knowing the Lefort family since my beginnings in the industry, I had appreciated the technical solutions offered by their company as well as their working methods based on honesty, respect, and integrity; fundamental values that have always guided me in my life. I can therefore pass the torch to them serenely.’
Copex will continue its operations from its industrial site in Caudan under its own brand. Fawaz Ezzat, who has been md of Lefort France since 2016, takes over the general management of Copex with immediate effect.