German aluminium smelter Speira has completed its acquisition of Real Alloy Europe, doubling its recycling capacity to 650 000 tonnes.
A company press release confirmed that Speira has taken on three aluminium and magnesium recycling facilities in Germany as well as an aluminium recycling facility and a salt slag recycling facility in Norway. Reuters is reporting that the deal, originally announced more than a year ago, adds 350 000 tonnes of recycling capacity.
‘Today marks a milestone on Speira’s transformation journey to becoming a leading aluminium rolling and recycling company and accelerates the decarbonisation of our business,’ says ceo Einar Glomnes. ‘We are combining a leading European aluminium recycling company with one of the largest aluminium rolling and recycling companies on the continent.’
A separate acquisition by Aurea from Speira of facilities in Sainte-Menehould, France, and Swansea, UK, as required by the European Commission, is expected to take place in early in Q2.
Don't hesitate to contact us to share your input and ideas. Subscribe to the magazine or (free) newsletter.