German steelmaker Salzgitter AG subsidiary Deutsche Erz-und Metall-Union GmbH (DEUMU) has acquired recycling company Must-Metalle-Container-Recycling GmbH (MMCR).
MMCR is based in Goslar in Germany's Harz region and specializes in trading in scrap materials and metals. It was founded in 1909 and operates a container supply and scrapping business, dealing mainly in the metals processing sector. The company also has a downstream sorting and processing operation which, claims Salzgitter, enables it to supply quality grades of scrap.
According to Salzgitter, "The takeover is intended to facilitate the progression of this successful SME to the next stage of growth."
In making the acquisition, DEUMU, says Salzgitter, is 'directly implementing the Group's strategy – 'Salzgitter AG 2030' – that is consistently geared to circularity'.
As part of the SALCOS – Salzgitter Low CO2 Steelmaking – programme that is pioneering the transition to virtually CO2-free steel production, the Salzgitter Group intends to significantly expand its scrap recycling activities.
"This acquisition represents a further development in 'circularity' in the immediate vicinity of Salzgitter and will facilitate the use of high-quality secondary raw materials in the production of steel."
Salzgitter AG.
"This acquisition represents a further development in 'circularity' in the immediate vicinity of Salzgitter and will facilitate the use of high-quality secondary raw materials in the production of steel," said Salzgitter.
MMCR will act independently as part of the Salzgitter Group and will trade under the new name of Harzer Schrott und Recycling GmbH.
The price of the acquisition has not been revealed.