Skip to main content

Scholz continues to revamp metals portfolio

Germany – The Scholz Group has sold its non-core aluminium and stainless steel businesses as part of its restructuring and realignment programme.

Regarding its aluminium trading companies, Scholz has sold its 60% holding in MMG Aluminium to the company′s management team. Furthermore, half of its 100% stake in ScholzAlu Stockach has been acquired by the management.

According to Scholz, the proceeds from the transactions will make a large contribution to significantly reducing the German scrap recycling concern’s net debt to Euro 700 million by 2015. The restructuring process is already ′well advanced′, the firm claims.

 

For more information, visit: www.scholz-recycling.de/en

Would you like to share any interesting developments or article ideas with us? Don't hesitate to contact us.

You might find this interesting too

Copper mining to grow after pandemic decline
US provides millions in funding to plastic recycling innovators

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe now and get a full year for just €169 (normal rate is €225) Subscribe