Loacker Recycling acquires Swiss firm

The metals recycling company Loacker Recycling Group, headquartered in Götzis, Austria, has completed the acquisition of Switzerland-based Luigi Salvi Recycling AG. Loacker had already had a 50 percent stake in the Swiss metals recycling company.

Luigi Salvi Recycling focuses on processing ferrous and non-ferrous grades of scrap metal.

In completing the acquisition, Karl Loacker, CEO of Loacker Recycling, says, "The integration strengthens our subsidiary in Bern (Switzerland). In our group’s recycling network, we can effectively combine our strengths and exploit more synergies.”

The site manager for the Bern facility will be Jörg Baumgartner. The board of directors for the company will consist of Chairman Christian Loacker and Mario Loacker and Thomas Schäfer. All three directors of the Loacker Recycling Group.

Following the full integration of Luigi Salvi Recycling, other benefits expected to result will include important functions that can be centralized. "We optimize internal processes and provide uniform, clear structures that bring even more economic benefits," says Karl Loacker. "We thank Luigi Salvi for many years and good cooperation, which has enabled the integration."

The Loacker Recycling Group is already represented on the Swiss market with several subsidiaries and associates and the company says that it is considered one of the most modern and scrap metal recycling companies in Central Europe.