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Business news
* IL Recycling
One of Sweden’s major recycling companies IL Recycling AB has acquired Kop-
parbergs Skrot och Metall AB, another of the country’s leading steel scrap and
metal recycling enterprises. Stockholm-based IL Recycling has bought Kop-
parbergs’ two yards from the Einarsson family which has owned the company
since 1949.
‘The acquisition of Kopparbergs is vital for IL Recycling,’ says CEO Jan Bruze-
lius. ‘With Kopparbergs’ know-how and resources, we can now offer compre-
hensive recycling services and solutions for steel scrap and metals, electronic
waste and cables. We have ambitions and the resources for further develop-
ment of Kopparbergs.’
www.ilrecycling.se
* Veolia
French waste management and recycling group Veolia has taken over UK-
based recovered paper firm C&C Recycling for an undisclosed sum. The latter
annually processes 70 000 tonnes of paper and cardboard at its Bury site in
north-west England where Veolia will look to expand operations.
Jean-Dominique Mallet, CEO of Veolia Environmental Services’ UK operations,
comments: ‘This strategic acquisition is another important development in our
plans to strengthen our position as a major player in the commercial waste
recycling market.’
www.veoliaenvironnement.com
Latest data from the US National
Center for Electronics Recycling (NCER)
suggests that there was a significant
upturn in domestic recycling of elec-
tronic equipment last year.
The organisation publishes a per capita
collection index (PCCI) which measures
collection volumes relating to used
electronic equipment such as comput-
ers, televisions and monitors in six on-
going recycling programmes across the
USA. Based on latest data gathering
and analysis, the 2007 PCCI value was
14% above that of the previous year.
‘Since our first per capita collection
index was just published last year, we
are excited now to have two years of
data to compare,’ says NCER’s Execu-
tive Director Jason Linnell. ‘A 14%
increase over the 2006 index value
suggests that consumers with access
to these recycling programmes are par-
E-waste recycling increase in the USA
According to steel producer
Steel Dynamics Inc., its recently-acquired
subsidiary OmniSource has agreed to
buy the remaining interest in fellow US
company Recycle South LLC in a cash
and stock deal valued at around US$
370 million (Euro 240 million). The
boards of both companies have unani-
mously approved the transaction and,
subject to regulatory approval, the deal
is expected to close before the end of
the second quarter of 2008.
Recycle South’s equity owners will
receive around 3.9 million shares in
Steel Dynamics – which the company
values at some US$ 138 million (Euro
90 million) – and US$ 232 million (Euro
150 million) in cash. The companies
value the deal at US$ 500 million (Euro
322 million), which includes US$ 135
million (Euro 88 million) in debt and
other liabilities.
OmniSource Corp. already owns a 25%
interest in Recycle South, a scrap metal
processor based in Spartanburg, South
Carolina. The transaction will signifi-
cantly expand Steel Dynamics’ recycled
metals business, pushing its total
annual ferrous scrap processing capac-
ity to around 7 million tonnes.
Recycle South has 600 employees and
operates in 19 locations throughout the
Carolinas and Georgia. The company
will operate as a division of OmniSource
under the name OmniSource Southeast.
All current management will remain in
place, notes Steel Dynamics.
www.steeldynamics.com
OmniSource to buy out
Recycle South
ticipating in increasing numbers and
volumes. In five of the six index juris-
dictions, we saw an increase in per
capita collection rates in 2007 over
2006. We expect to see even higher
collection rates in the coming years as
consumers become more aware of
these programmes and the need for
recycling electronics.’
www.electronicsrecycling.org
Growing collection numbers of electronic scrap are
reported in the US
RI_082_NEWS.indd 10 14-05-2008 14:07:45
