Company acquires majority share of Germany's RDB GmbH.
ISR Interseroh Rohstoffe GmbH, Cologne, Germany, has announced its acquisition of a majority share in the plastic scrap trader and processor RDB GmbH, based in Aukrug, Germany. RDB transports roughly 130,000 tons of plastic scrap throughout Europe, including more than 70,000 tons of plastic film and 40,000 tons of polyethylene terephthalate (PET). Its annual turnover is approximately 50 million euros. The transaction is subject to the authorization of the Antitrust Agency.
“By acquiring a majority share of RDB GmbH, we are consistently expanding our presence in the plastics branch across Europe,” Interseroh CEO Johannes-Jürgen Albus says. “After a similar acquisition in the recovered paper branch and in the nonferrous metal branch, this is an additional step towards creating a tightly knit network of trade capacity and direct access to final purchasers in Asia.”.
Obtaining the majority share in RDB reduces Interseroh’s raw materials segment’s dependence on Interseroh Dienstleistungs GmbH for material.
The management of RDB GmbH will be retained and will support the activities of ISR Interseroh Rohstoffe GmbH, which globally trades secondary raw materials, including recovered paper, scrap plastics and scrap wood.
RDB currently employs approximately 80 people. Its purchasing has representatives in Germany and several other European countries. The company operates four sites in Germany with a total storage and handling area of nearly 60,000 square meters (24,000 square feet) and two plants for processing PET primarily from the German mandatory deposit system on disposable drink bottles. The company also plans to add a processing plant in Hong Kong.
The acquisition will enable Interseroh to further concentrate quantities in the sales segment and in maritime container logistics, according to a press release from the company. “We can pass on the price and cost advantages gained this way to our suppliers across Europe and, thus, further increase our growth in tonnage,” according to ISR management.
The Interseroh Group is based in Cologne, with more than 70 branches. The company employs nearly 1,700 people in Europe. As a leading supplier to the paper, plastic and derived timber industries as well as to biomass power stations, ISR Interseroh Rohstoffe GmbH pools the raw materials trading activities of the Interseroh in Europe and worldwide.