Dear Sir or Madam,
on December 27, 2017, Metal Trade Comax Group has acquired all shares in Oetinger Aluminium Group from investors advised by Orlando Management AG, Munich.
Metal Trade Comax offers coil coating, profiling and slitting activities for hot-dip galvanized steel and aluminium sheet metal with a capacity of approx. 200,000 tons/year. In its metallurgy segment, Metal Trade Comax operates aluminium recycling facilities for secondary aluminium casting alloys. These activities, with a capacity of approx. 30,000 tons/year, will be combined with the activities of the Oetinger Aluminium Group.
The acquisition creates one of Europe's leading aluminum recycling groups with a total capacity of approx. 220,000 tons/year and a very well-diversified geographical profile. Both companies will continue their current business activities and intensify their cooperation in the weeks and months to come.
We are convinced that the new strategic partnership will strengthen our position in the aluminium recycling market and that we can offer a larger range of products and services to our customers.