Derichebourg to acquire Bartin Recycling

Derichebourg, a global environmental services firm based in Paris, has announced plans to acquire Bartin Recycling from Veolia Environmental Services, which also is headquartered in Paris. Derichebourg says it will fund the acquisition using its existing credit lines. The transaction will be completed after obtaining approval from French competition authorities.

Veolia Environmental Services acquired Bartin Recycling in 2007. At that time Bartin Recycling was the third largest metals recycling firm in France. Bartin operates about 20 sites in France, recovering obsolete scrap metal, new production scrap, demolition material and other metals through the recovery or dismantling of a range of material. In total the company recovers and processes about 450,000 tonnes of scrap metal a year.

While Derichebourg has acquired the Bartin Recycling business, Veolia’s end-of-life material dismantling and deconstruction business (aircraft, ships, rail rolling stock and industrial facilities) is not involved in the sale.

Abderaman El Aoufir, deputy chief executive officer of Derichebourg, says, “This acquisition is part of a long-term industrial strategy. It will enable the Derichebourg group to expand its regional coverage in France and ensure supply to its recycling units with volume from these recently acquired sites. The transaction completed with Veolia allows for the integration of external skills that will enhance our industrial and commercial processes.”

Pascal Tissot, president of Bartin Recycling, says, “I am delighted to have been able to finalise Bartin Recycling’s acquisition by a major metals recycling business like Derichebourg. It brings the assurance of a solid industrial project and real growth prospects for its subsidiary and the protection of jobs that Veolia was keen to ensure for its 300 employees.”