Real Alloy Europe purchase completed

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.