Hensel Recycling acquires California precious metals recycler

Hensel Recycling, a precious metals recycling company headquartered in Aschaffenburg, Germany, has completed its acquisition of California-based Red Fox Resources, a purchase it says will further strengthen its position in the U.S. and North American markets.

Hensel Recycling says it has been active in the North American market for almost 15 years through its U.S. subsidiary, Hensel Recycling North America. Originally specializing in recycling metal foil converters, the company has expanded its material portfolio in recent years. Its East Coast facility in West Berlin, New Jersey, is one of the largest branches of the Hensel Recycling Group, employing more than 30 people.

Red Fox Resources, which was founded in 2013, has spent more than a decade growing a business focused on recycling diesel particulate filters and emission control catalysts found in mobile, stationary and industrial applications, Hensel says. The company has deep technical and commercial experience in catalyst design and application, positioning it to buy material directly or to help customers recycle their precious metals-bearing materials.

Red Fox Resources will remain headquartered in Oakland, California, and will open a new facility in West Berlin. The company will remain an independent brand within the Hensel Recycling Group, and Brad Edgar, CEO of Fox Resources, will continue to lead the team in Oakland.

Hensel says the additional recycling capacity of Red Fox Resources will allow Hensel Recycling to better serve the American market. The newly acquired location on the West Coast also enables optimization of logistics processes, resulting in more flexible and faster service to customers and lower shipping costs, according to the company. This will help Hensel Recycling to become more competitive in addition to cutting its carbon footprint by reducing long transportation routes.

Andreas Friesen, president of Hensel Recycling North America Inc., says, "The partnership with Red Fox Resources will expand our North American footprint to include a geographic presence in California and the West Coast. Red Fox’s focus on the heavy-duty vehicle and industrial markets will provide us with new streams of material to process. Over the years, Red Fox has been a reliable and valued supplier, and we look forward to integrating them into our business.”

"We welcome the Red Fox team to the Hensel Recycling Group family. Both companies share the same core values and passion for recycling, and we look forward to a successful future," says Thomas Hensel, chairman, Hensel Recycling Group.

“From a cultural and commercial perspective, we cannot think of a better partner than Hensel Recycling,” Edgar says. “We look forward to expanding our capabilities and our customer reach with an East Coast location while taking advantage of Hensel Recycling’s highly regarded commercial and technical experience in the precious metals recycling industry.”

With the purchase, Hensel says it can enhance procurement services, analytical methods, processing capabilities and smelter relationships.

Founded in 2009, Hensel Recycling North America has milling, sampling and blending capabilities and can process a variety of precious metal-bearing materials, including ceramics, metal foils, oxygen sensors and e-scrap. It receives material from customers throughout the Americas and has a global network of smelting and refining partners.