Skip to main content

Swiss expansion for Loacker

Austria – Austrian company Loacker Recycling has acquired the Swiss firms M F Hügler and Gotthard Schnyder, both part of the same group, for an undisclosed price. The businesses specialise in scrap metal recycling, and Hügler is also active in the plastic scrap, waste paper and cardboard markets.

‘The purchase is a logical and strategic step in our corporate development in Switzerland. Scrap metal recycling and recovery in times of scarce resources is becoming increasingly important,’ commented Karl Loacker, ceo of Loacker Recycling.

Welcoming the 140 new employees, he said he was eager to pool resources and exploit the synergies between the companies, and stressed that the new subsidiaries would continue to play a ‘crucial role’ in future scrap metal recycling efforts from their existing sites.

Marco Trautmann, ceo of the acquired parties, was enthusiastic about the deal. ‘In Loacker Recycling we have found a recycler with the same quality ideals. We will benefit from each other’s expertise and experiences,’ he stated.

For more information, visit: www.loacker.cc

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

Aviation recycling leader ASI celebrates 25th anniversary
Wendt ready to take its technology global

Leave a Reply

Your email address will not be published.

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