In an important move towards reinforcing its commitment to sustainability and securing long-term resources, GMH Gruppe is set to acquire ALBA Metall Saar GmbH, a well-established scrap and metal trading company based in Bous, Saarland. This acquisition is a further step in GMH Gruppe's strategic expansion in the steel scrap market.
Founded in 1974, ALBA Metall Saar GmbH has been an important player in the scrap and metal trading sector in Saarland. The acquisition agreement was successfully signed on July 24, 2024. The transaction is now subject to the fulfillment of various ‘closing conditions’, which must be completed by August 30, 2024, for the acquisition to be legally finalised. The Federal Cartel Office has already approved the transaction under antitrust law, ensuring a smooth transition.
By broadening its geographical footprint into southwest Germany, GMH Gruppe will enhance its scrap recycling network, providing increased processing capacity and creating additional value in the supply chain.
"The integration of ALBA Metall Saar into the GMH Gruppe strengthens our regional presence and enhances our ability to offer high quality recycled raw materials, reinforcing our commitment to sustainability," said Dr. Alexander Becker, CEO of GMH Gruppe.
"This acquisition strategically positions us to contribute to the decarbonisation of the Saarland steel industry, providing us with the resources needed to continue our journey towards complete climate neutrality by 2039," added Julian Kröger, Managing Director of GMH Recycling GmbH.
As part of the acquisition, ALBA Metall Saar GmbH will be renamed GMH Recycling Saar GmbH and will be seamlessly integrated into GMH Gruppe's organisational structure. The company will be incorporated into GMH Recycling's processes, with a full merger expected by 2025. This integration presents significant opportunities for the employees of ALBA Metall Saar GmbH, who will now be part of a group.
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