HKS Scrap Metals completes deal for Van Dalen Metals

Netherlands-based recycling company HKS Scrap Metals BV, a wholly owned subsidiary of Germany’s TSR Group, has acquired Netherlands-based Van Dalen Metals Recycling & Trading.

Van Dalen, which has been in business for more than 70 years, has six locations, including sites in the Netherlands, Belgium and the United Kingdom. The company, which handles ferrous and nonferrous scrap, has four shredders in addition to shears, balers and a nonferrous flotation-style separation system.

Following the acquisition, the combined company will have 13 locations with about 270 employees in Belgium, Luxembourg, the Netherlands and the U.K.

“With its six locations and the associated processing technology, Van Dalen is an ideal complement to our Europe-wide network of locations,” states Bernd Fleschenberg, TSR’s managing director. “Together, we will continue to expand our recycling activities and service offerings and further increase our market presence in the region.”

The acquisition was initiated on Feb. 19, 2018, when both companies signed an agreement to merge. The transaction was subject to antitrust approval and the deal was officially completed May 3, 2018.

Rolf van Dalen, the former owner of Van Dalen, is part of the management team at HKS Scrap Metals along with Wout Kusters, CEO; Ibrahim Bayram, chief financial officer; and Stefan van der Wekken, chief operating officer.

HKS’ parent company TSR has 140 offices and 2,500 employees in Europe. The company estimates it processes more than 7.8 million metric tons of ferrous and nonferrous scrap metal annually.