Austria – Electronics recycling firm Sims Recycling Solutions has expanded its European operations by acquiring Metrade Handelsgesellschaft mbH and its subsidiary company, Metwork Aufbereitungs GmbH. Both firms are leading WEEE recyclers in Austria and also have a strong foothold in the fast growing Eastern European market.
Metrade is located in the very East of Austria, within reach of Vienna. This provides good access to the rapidly developing industrial areas of Hungary, Slovakia, and Slovenia. These countries are amongst the fastest developing in Eastern Europe and Metrade has already made inroads into their emerging markets, SRS says.
Marc Faller, Sims Recycling Solutions’ Director of European Business Development comments: ‘We are very happy to welcome Metrade and Metwork to Sims. Our Bergkamen operation in Germany has had a good working relationship with Metrade for a number of years and this will enable us to integrate the businesses swiftly and smoothly. Metwork is a leader in the highly competitive Austrian WEEE Market and has made excellent headway in the fast growing Blue Chip industries of Eastern Europe.’ Metrade was founded by Friedrich Seidl as a trading company for non-ferrous metals in 2004. In 2007, Metwork was formed as a specialist electronics recycling operation to augment the Metrade business.
Mr Seidl said of the acquisition: ‘This is an exciting prospect for the Metrade and Metwork businesses. Sims Metal Management is the world’s leading metals and electronics recycling company and with that comes a powerful international reputation. Becoming part of Sims Metal Management will allow us to strengthen ties with our blue chip clients whilst Sims Recycling Solutions’ advanced separation technologies will enhance our service offering to all our customers.’ Sims Recycling Solutions adds Friedrich Seidl and all the employees of Metrade and Metwork to the company.
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