KPS Capital Partners Speira secures EU antitrust approval for Real Alloy Europe deal

On October 19, 2022, the European Commission stated that KPS Capital Partners' portfolio company, German aluminium smelter Speira had received the EU antitrust approval to acquire aluminium recycler Real Alloy Europe after offering to sell two plants.

The private equity firm KPS Capital Partners works exclusively to acquire and improve businesses that manufacture various products across many industries.

Speira, headquartered in Grevenbroich, Germany, owns the world's largest rolled aluminium finishing mill. It sells a plant in France and another owned by Real Alloy Europe.

Speira comes from Greek and stands for a spiral of growing influence that originates from a strong core, uplifting performances and much more: Speira also stands for the circularity of production, using and recycling, again and again.

Speira has a clear vision to become the industry benchmark in sustainability by delivering high-quality low-carbon products based on best-in-class rolling and recycling capabilities.

Speira has committed to divesting a standalone business consisting of Real Alloy’s facilities in Sainte-Menehould, France, and Swansea, United Kingdom.

Einar Glomnes, the CEO of Speira, said, “This is an important milestone on our path to further decarbonize our products. The acquisition will enhance our ability to utilize recycled metal in our products and deliver high-quality, low-carbon rolled aluminium products to our customers."

“I want to thank the European Commission for the approval and the trustful cooperation throughout the process.”