growingtogether

A growth story:
Metallo is now Aurubis

Following the acquisition of the recycling company Metallo Group by Aurubis AG in May 2020, the two companies grew together faster than originally expected. The name change is another step in the joint growth within Aurubis. It supports Aurubis' position as the most efficient, sustainable and integrated smelter network in the world.

The site in Beerse (Belgium) will be called Aurubis Beerse nv as of December 01, 2021, and the site in Berango (Spain) will be renamed Aurubis Berango S.L.U. .


June 2, 2020

Aurubis AG: Acquisition of Metallo Group fully completed

Aurubis AG has acquired the recycling company Metallo. This marks the formal closing of the transaction, which was effective May 29, 2020. Metallo will be fully consolidated into the Aurubis Group starting June 1. Metallo Group Holding was previously majority-owned by investment firm TowerBrook Capital Partners.

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May 4, 2020

Aurubis AG receives European Commission’s unconditional approval for Metallo Group acquisition

Green light from Brussels: the EU antitrust authorities issued Aurubis AG unconditional approval for the acquisition of the Belgian-Spanish Metallo Group. This concludes the merger control proceedings that have been ongoing since August 2019. The formal closing of the transaction will take place on May 29.

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May 22, 2019

Aurubis AG acquires Belgian-Spanish Metallo Group for a purchase price of € 380 million

Today, Aurubis AG signed a share purchase agreement for the acquisition of the Belgian-Spanish Metallo Group to continue actively pursuing its recycling strategy. Metallo Holdings is owned by funds managed by TowerBrook Capital Partners, a leading transatlantic investment firm. Metallo is a recycling and refining company that specializes in recovering non-ferrous metals from recycling materials with lower metal contents. The company has around 530 employees at locations in Belgium and Spain. In fiscal year 2018, Metallo generated revenues of approximately € 1 billion. The share purchase agreement stipulates a purchase price of € 380 million, which will be financed without a capital increase.

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