BAGR Berliner Aluminiumwerk GmbH has purchased the remaining 50% shares of Stockach Aluminium GmbH from SSVP III, a press release from the company confirms. Founded in 1997 to take over an older location of the aluminium industry in Berlin, BAGR is a part of the Metalcorp Group.
Both the companies produce rolling and casting slabs from secondary aluminium or recycled aluminium. They complement each other because of their similar product portfolio and also with locations in Berlin and Stockach that are geographically closer.
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Since the initial takeover of a 50% share by BAGR on 01/01/2017, Stockach Aluminium has seen a solid increase in order inflow. Based on that, the company initiated targeted investments in order to to increase the melting and casting capacities to 90,000 tonnes per year from the current 50,000 tonnes every year. In a first move, a 60 tons melting and casting furnace will be installed and put into operation in 2019.
With a total joint slab casting capacity of 180,000 tonnes per year, the affiliated companies will become a leading independent supplier of rolling slabs in Europe. The merger of BAGR and Stockach Aluminium will provide additional benefit to their business partners via their mutual know-how transfer and enhanced strategic collaboration.
Both the companies will preserve their legal independence after the merger.
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