Metalcorp Group, a globally operating provider of procurement, logistics and trade services in the ferrous and non-ferrous sectors and one of Europe’s leading independent producers of secondary aluminium ingots, has announced that it has successfully completed its acquisition of the remaining 50 percent stake in Stockach Aluminium GmbH from its co-shareholder through its subsidiary, BAGR Berliner Aluminiumwerk GmbH.
Last year, BAGR Berliner Aluminiumwerk GmbH acquired 50 percent of the shares of Stockach Aluminium GmbH from SSVP III. The acquisition will further expand the range of products and services offered by BAGR and Stockach Aluminium to their customer.
“The company thus continues to expand its leading position in the production of alloyed aluminium slabs, which will have a positive effect on the bottom line already in 2018. The acquisition is subject to approval by the relevant antitrust authorities, according to Metalcorp Group press release.
BAGR Berliner Aluminiumwerk has initiated investments in a homogenisation plant at the Berlin location. BAGR Berliner Aluminiumwerk specializes in producing rolling slabs from secondary aluminium for the European market.
Metalcorp Group has also planned to relocate its registered office from Amsterdam to Luxembourg to reduce administrative expenses in 2018. It expects aluminium division to generate a record result again this year.
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