Metallum Holding

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Wilhelm Raven Euro-Metall GmbH signed an agreement with Scholz Recycling AG & Co. KG to acquire the business activities of the Velbert yard

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Wilhelm Raven Euro-Metall GmbH signed an agreement with Scholz Recycling AG & Co. KG to acquire the business activities of the Velbert yard

14. October 2013

METALLUM Holding (Switzerland) Ltd announced today the signing of an agreement by its German subsidiary Wilhelm Raven Euro-Metall GmbH, Dortmund, with Scholz Recycling AG & Co. KG, Essingen, for the take over of the business activities of the commercial unit in Velbert.

METALLUM Group can expand with this acquisition its business activities in the field of metal recycling and trading in Western Germany.

The purchase price was not disclosed.

Negotiations have been conducted over the last few months. The completion of the acquisition (closing) is currently subjected to regulatory approval. Subject to this approval METALLUM assumes that the execution of the transaction and the integration of the Velbert yard would take place in November this year at the latest.

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