The Alba Group, a Germany-based environmental services and recycling company, has announced plans to bring on board a minority investor. Alba says the role of the investor will be to help the company strengthen its business in the Asian market and improve its network of locations in its European markets in the medium-term.
Axel Schweitzer, CEO and a member of Alba’s founding family, says, “We want to speed up our further growth from a position of strength together with a partner. The opening for a minority investor opens up interesting new perspectives for our company on both our home markets and in Asia. We also see competitive advantages by strengthening our financial situation.”
The planned expansion of the scope of financing and the opening for a partner also is taking place in light of the company wanting to financially arm itself against turbulence on the stock exchanges, says Schweitzer.
“The group’s liquidity is currently more than adequate, but we are definitely stronger together with an equity partner,” Schweitzer continues. “We have a strict plan, but are not in a hurry and are assuming that it will take at least until the end of [2015] to find the right partner.”
Alba Group also says it has made changes to its operations that have resulted in the company’s steel and metals recycling segment working more closely with its waste management and recycling division.
Alba, which operates with two brands – ALBA and Interseroh – has a presence in Germany, Europe, the United States and Asia.
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