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07/04/2017

Elemental Holding plans an acquisition in Germany

Elemental Holding has signed a letter of interest on the purchase of a company from the automotive catalyst processing sector in Germany.

In 2016, we made three acquisitions: in Poland, Scandinavia and the United Kingdom. This allows us to exploit the effect of scale and enter the markets of Western Europe. Each of the entities we acquired has the potential for growth in its region and the entry into a large group - Elemental Holding - will guarantee international expansion. The German market is mature and highly competitive, so taking over a company with a strong position gives us further development perspectives. Regardless of the acquisition, we are carrying out active consolidation work within the Group – said Paweł Jarski, President of the Management Board of Elemental Holding SA.

This is another market, after Scandinavia and the United Kingdom, where Elemental Holding develops this business. The transaction can be finalized by the end of May 2017 and the German partner's turnover is estimated at around EUR 20 million.

More information in Current reports  section.

About Us

Elemental Holding is a leading Polish group operating in the recycling and recyclable material trading industry and a top supplier of recyclable material for metalworks and foundries all over the country. It runs its operations using recycling facilities located in Poland, Germany, Lithuania, Finland, United Kingdom, Turkey and Middle East countries.

The Holding mainly specialises in trading in and processing non-ferrous metals a as well as electronic circuits.  (more)

 

Elemental Group