INTERSEROH Scrap and Metals Holding GmbH, subsidiary of environmental service provider and raw materials trader ALBA Group, acquired the company Reukema Balkan SRL.
Altogether the purchase covers twelve scrap yards in Croatia, Bosnia-Herzegovina, Serbia, Montenegro and Romania.
The headquarters for the company, which will trade under the name "ALBA Balkan Recycling SRL", is in Bucharest.
The managing director and co-shareholder of ALBA Balkan Recycling SRL is Mr Zlatko Garac.
The purchase is still subject to the approval of the relevant cartel authority.
Mr Joachim Wagner from the Board of Directors for the Steel and Metals Recycling segment of ALBA Group said "With this acquisition we are very pleased to strengthen our activities in South Eastern Europe, and therefore have a stronger presence in the Balkans - especially towards Turkey.”
Source:
http://www.steelguru.com/middle_east_news/ALBA_Group_expands_activities_in_Turkish_scrap_metal_market/296315.html
