Speira completes acquisition of Real Alloy Europe
The acquisition includes three aluminium and magnesium recycling facilities in Germany as well as an aluminium recycling facility and a salt slag recycling facility in Norway. The acquisition will materially increase Speira´s ability to use recycled metal and meet the market’s demand for sustainable and circular solutions. The acquisition facilitates a substantial reduction of CO2 emissions through the replacement of prime material with recycled metal.
“Today marks a milestone on Speira´s transformation journey to becoming a leading aluminium rolling and recycling company and accelerates the decarbonization of our business,” says Einar Glomnes, CEO of Speira. “We are combining a leading European aluminium recycling company with one of the largest aluminium rolling and recycling companies on the continent.”
The acquired facilities will be integrated into Speira’s operations in Germany and Norway and form the basis of Speira’s new Business Unit “Recycling Services.” Speira will continue to serve external parties with recycling services.
The closing of the previously announced acquisition by Aurea SA from Speira of the facilities in Sainte-Menehould, France, and Swansea, United Kingdom, a divestment mandated by the European Commission, is expected to take place in early Q2 2023.
For more information please contact:
Moritz Hansen, Speira Head of Marketing & Communication
M: +49 (0) 173 102 40 97
T: + 49 (0) 2181 66 2054