Hong Kong metals trading firm Sansing is acquired

London-based Amalgamated Metal Corporation (AMC) has acquired a majority stake in Sansing Limited, a Hong Kong-based trader of nonferrous scrap metals. AMC says the acquisition “complements the existing nonferrous physical trading operations in tin, lead, aluminium, nickel, tungsten, antimony and other minor metals within the AMC Group.”

Sansing was established in 2008 by its Managing Director Simon Woolf and Stewart Armitage. AMC says that “since then, Sansing has gone from strength to strength, establishing itself as a trusted partner to a range of companies across the recycling industry.”

Sansing trades in most types of nonferrous scrap metal and operates a network of representative global offices and agencies in Asia, Europe, the Middle East, Africa and North America.

“We are delighted to welcome the Sansing team to the AMC Group,” says AMC Group Managing Director David Sher. “Our objective is to support the excellent, long-standing service Sansing provides to customers and suppliers around the globe. The transaction provides a strong platform for continued growth using AMC's network of businesses and relationships.”

Hamish Michie, AMC’s group finance director, and Andrew King, its group business development director, will join the Sansing board of directors.

The AMC Group describes itself as operating “a number of specialist businesses focused on both managing risk in nonferrous metal supply chains and the provision of base metals, minor metals, alloys and other added value products for industrial consumers.”