German recycling and raw materials supply company ALBA Group has bought 99 per cent of the shares in Spanish paper recycler and trader Reciclajes DOLAF.
The remaining shares stay in the possession of the Donoso Lafuente family that has previously owned the company.
Reciclajes DOLAF was established in 1987 and operates in Madrid and Valencia with its main focus being on the transportation, sorting, purchasing and sale of paper and cardboard.
In total it has an input and output volume of 100,000 tonnes of waste paper and cardboard per year.
ALBA Group chief executive Axel Schweitzer said: “By entering the Spanish market, we are strengthening our position as raw materials suppliers in southern Europe. The Valencia location also gives us access to Spain’s largest deep-sea port, which is a perfect fit for the ALBA Group’s international network, allowing us to supplement our Spanish operations with additional material streams.”