According to the BVSE (Germany’s Federal Association for Secondary Raw Materials and Waste Management), the Alba Group has sold its metals recycling locations in Freiburg and Hannover, Germany, to Remondis Group of Germany.
With this step the Alba Group, headquartered in Germany, says it further sharpens its strategic realignment.
"Our goal is to enhance value creation and growth and activities that are not on this path to reduce," said Dr. Axel Schweitzer, Chairman of the Alba Group plc & Co. KG. "This includes the continuous optimization of the portfolio. In this case, we have found a solution in which all employees are covered by Remondis. We are particularly pleased. "
The signing of the purchase agreement took place on November 18 for the Freiburg location and December 2 for the Hanover facility. Sales are still subject to approval by the Federal Cartel Office.
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