The merger is intended to simplify the creation of closed loops.
Speira acquires Real Alloy Europe
February 25, 2022
Düsseldorf
Aluminum rolling and recycling company Speira is buying and integrating Real Alloy's European business. Real Alloy Europe is a leading European recycler of aluminum and magnesium scrap as well as related by-products, with seven facilities and approximately 600 employees in Germany, Norway, France and the United Kingdom. The acquisition will enable Speira to use recycled metal in production and provide its customers with high-quality, low-carbon aluminum rolled products.
Einar Glomnes, CEO of Speira, says, "The integration of Real Alloy Europe into Speira will accelerate our strategy of creating closed loops from scrap to end product and back. We look forward to further investing in the combined capabilities of Speira and Real Alloy Europe to meet market demand for sustainable and circular solutions."
The closing of the transaction is subject to customary closing conditions and approvals.
The aluminum rolling and recycling company Speira produces approximately one million tons of rolled aluminum products per year. Speira operates seven manufacturing facilities and an R&D center across Germany and Norway, including its joint venture Alunorf, the world’s largest aluminium rolling mill. Headquartered in Grevenbroich, Germany, the company employs approximately 5,000 employees and supplies some of the most well-known companies in the global automotive, packaging, printing, engineering, building and construction industries.
Real Alloy Europe is a recycler of aluminium and magnesium scrap and related byproducts, providing metal and conversion capacity for industries including automotive, construction, aerospace and packaging. Real Alloy Europe has seven facilities located in Germany (Grevenbroich, Töging and Deizisau), Norway (Eidsvåg and Raudsand), France (Les Islettes) and the United Kingdom (Swansea), and approximately 600 employees. Real Alloy Europe is headquartered in Grevenbroich, Germany.
