French ferrous and nonferrous scrap recycling giant, Derichebourg Environment, announced they have finalized the acquisition of Luxembourg-based recycler Groupe Ecore Holding.
Derichebourg signed a contract with the shareholders of Ecore for the acquisition of the entire capital of Groupe Ecore Holding, effective after obtaining authorization from the competent control authorities, the company noted in a press release on Mar 2.
According to the company’s website, Derichebourg recycles approximately 3.7mn mt of ferrous and nonferrous metals, produces 77,100mt of secondary aluminum ingots, disposes of 409,000 end-of-life vehicles and two million washing machines and ovens per year.
Ecore processed 3.3mn mt of recycled and recovered materials in 2019 across 78 sites, which included six shredders, exporting 1.3mn mt of ferrous scrap from its four deepsea docks Montoir-de-Bretagne, Rouen, Caronte, and Ghent (Belgium).
Ecore’s sites, some of which trade under the GDE Recyclage brand, will be added to Derichebourg’s portfolio of some 300 locations across 14 different countries pending regulatory approval.