Spanish Company Purchases Paper Recycler

The Spanish company FCC has acquired the Hernández Cerrajero-Marepa Group, which processes recovered paper and cardboard from both industry residential settings. The investment cost a total of 50.1 million euros (US$60 million).

The acquisition allows the FCC group to take a position in the paper recycling industry. The company already is involved in the waste treatment industry.

FCC operatets six With this acquisition, the FCC Group has entered the paper treatment field and fully rounded out the activities of its Industrial Waste Treatment Division, whose revenues will come to 145 million euros a year.

The company handles more than 300,000 metric tons of material a year. The company operates six different divisions: Manipulación y Recuperación, S.A.; Papeles Hernández e hijos, S.A.; Industrias Sangar, S.A.; Papeles Vela, S.A.; Recuperaciones Madrileñas del Papel, S.A.; Recuperaciones Madrileñas del Papel, S.A. The company also operates two treatment plants in Madrid and one each in Barcelona, Toledo, Valladolid, Ávila, Cáceres and Asturias.