KMR Group’s KMR Stainless B.V., based in Germany, has acquired the stainless steel scrap business of Capricorn Stainless B.V., a company based in the Netherlands. Capricorn was a subsidiary of Fondel Commodities B.V., which is involved in supplying raw materials to the steel and stainless steel industries. In addition to scrap metal, Fondel also sells primary alloys.
KMR also is involved in handling stainless steel scrap.
Along with the acquisition, the KMR Group is changing its name to Oryx Stainless. The company expects the new name to emphasize the expansion of the group.
KMR Group states that it is the third largest stainless steel scrap dealer in the world.
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