Presss Release

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

Hamburg, Wednesday, May 22, 2019

 

  • Through the takeover, Aurubis consistently continues its growth strategy by strengthening its recycling portfolio
  • Metallo is a technology leader in processing recycling materials with lower metal contents and offers the best possible addition to the Aurubis technology portfolio 
  • Metallo’s “zero-waste” business model increases Aurubis’ contribution in terms of sustainability
  • Full completion of the transaction expected by the end of this year

 

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.  

The acquisition of Metallo, with its attractive growth potential, strengthens Aurubis’ metal portfolio, especially in the key metals copper, nickel, tin, zinc, and lead. The Metallo Group complements the investment project Future Complex Metallurgy (FCM), with which Aurubis will process a higher volume of complex input materials.

Metallo's "zero-waste" business model aims to process all materials used into valuable and marketable products and thus make an important contribution to the recycling economy. This increases Aurubis' contribution to sustainability.

Roland Harings, Deputy Chairman of the Executive Board of Aurubis AG, commented, “I am pleased to be able to announce this positive news shortly after joining Aurubis. In the course of taking over my new duties, I was already able to deal intensively with Metallo and, in close cooperation with my colleagues on the Executive Board and the project team, I was able to implement the decision to acquire it promptly as an important step in the implementation of the recycling strategy.”

Jürgen Schachler, who is leaving the company at the end of June 2019, added, “Due to megatrends such as smart homes, e-mobility, digitalization, and renewable energies, both the quantity and the complexity of secondary raw materials will increase significantly. Metallo’s processing expertise and specific metallurgical know-how provide an excellent complement to Aurubis’ own strengths.”

Metallo Belgium, based in Beerse, was founded in 1919. Already in the 1960s, the company developed processes to recycle copper, tin, and lead from more complex raw materials with low metal contents and fostered innovation to invest in sustainable technologies to strengthen its zero-waste strategy. Metallo Spain, formerly called Elmet, was founded in Berango (in the province of Biscay) in 1991.

Patrick Verschelde, Executive Chairman of the Board of Directors of Metallo, said, “We have been a reliable business partner for 100 years. We are dedicated to developing and creating sustainable processes and strategies, and we have been a longstanding business partner of Aurubis. We are pleased to now become part of the Aurubis family, and we look forward to successfully working on sustainable solutions together as one team in the future.”

The closing of the transaction is subject to approval by the relevant antitrust authorities and is expected to take place by the end of the year.

 

 

 

Aurubis - Metals for Progress

Die Aurubis AG ist ein weltweit führender Anbieter von Nichteisenmetallen und der weltweit größte Kupferrecycler. Das Unternehmen verarbeitet komplexe Metallkonzentrate, Altmetalle und metallhaltige Recyclingstoffe zu Metallen mit höchster Qualität.

Kernkompetenz ist die Verarbeitung und optimale Verwertung von Konzentraten und Recyclingrohstoffen mit komplexen Qualitäten. Mit seinem Leistungsangebot gehört Aurubis zur Spitzengruppe der Branche. Die Unternehmensgruppe ist auf Wachstum, Effizienz und Nachhaltigkeit ausgerichtet: Die wesentlichen Bausteine der Strategie sind der Ausbau der führenden Marktposition als integrierter Kupferhersteller, die Erschließung neuer Märkte im Bereich der Zukunftsindustrien, die hocheffiziente und optimale Ausbringung von weiteren Metallen und Nebenprodukten aus komplexen Rohstoffen sowie der verantwortliche Umgang mit Menschen, Ressourcen und Umwelt.

Aurubis produziert jährlich mehr als 1 Mio. t Kupferkathoden und daraus diverse Kupferprodukte wie Gießwalzdraht, Stranggussformate, Walzprodukte, Bänder sowie Spezialdrähte und Profile aus Kupfer und Kupferlegierungen. Zum Produktportfolio gehören weiterhin Edelmetalle, Selen, Blei, Nickel und eine Reihe anderer Produkte wie Schwefelsäure und Eisensilikat.

Aurubis beschäftigt über 6.800 Mitarbeiter, verfügt über Produktionsstandorte in Europa und den USA sowie über ein ausgedehntes Service- und Vertriebssystem in Europa, Asien und Nordamerika.

Zu den Kunden von Aurubis zählen u. a. Unternehmen der Halbzeugindustrie, der Elektro-, Elektronik- und der Chemieindustrie, sowie Zulieferer für die Branchen Erneuerbare Energien, Bau- und Automobilindustrie.

Die Aurubis-Aktie gehört dem Prime Standard-Segment der Deutschen Börse an und ist im MDAX sowie dem Global Challenges Index (GCX) gelistet.

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