ArcelorMittal buys three German recycling operations

: Metals
22/05/05

Austria's federal competition authority BWB said it was yesterday notified about Luxembourg-based steel group ArcelorMittal's planned purchase of three recycling businesses in Germany.

According to a merger notification announcement released by BWB today, ArcelorMittal intends to acquire all shares and take sole control over ALBA Metall Sud Franken, ALBA Metall Sud Rhein-Main and ALBA Electronics Recycling. All three companies are located in Germany and currently owned by German recycling group ALBA.

ALBA Metall Sud Franken and ALBA Metall Sud Rhein-Main combined operate six recycling locations in Germany, mostly located around Frankfurt and northern Bavaria. Both companies specialise in ferrous and non-ferrous metals recycling.

ALBA Electronic Recycling operates three recycling locations in southern and southwestern Germany. The company collects and processes electrical and electronic scrap.

ArcelorMittal acquired Scottish metals recycling group John Lawrie Metals earlier this year.

By Chi Hin Ling

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