London-headquartered circular economy specialist Reconomy has continued its international expansion by acquiring German metal recycling broker Sudamin Rohstoff.
The Duisburg-based firm specialises in the recovery of zinc and other finite metals from the by-products of electric arc furnaces.
Its core business is the collection of metal-containing residues from steel plants across Europe and delivering these to recycling facilities in a compliant manner.
Sudamin also owns approvals and licences for brokering waste disposal and battery and black mass recovery services.
Reconomy chief executive Guy Wakeley said he was “delighted” with the acquisition.
“We see real potential to develop new recycling and recovery streams across our client base as the steel industry adapts to the opportunities of the circular economy,” he added.
Martin Pothfelder, chief executive at Sudamin Rohstoff, added: “We are thrilled to be joining forces with Reconomy and contributing our expertise to further advance sustainable solutions in the circular economy.
“This acquisition marks a significant milestone for Sudamin and reaffirms our commitment to driving positive change in the recycling industry alongside Reconomy’s market-leading brands.”
