Aperam announces the signing of a Share Purchase Agreement with Franz Haniel & Cie. GmbH to acquire ELG, a global leader in stainless and alloys recycling - Seite 2

 

Mr. Timoteo Di Maulo, Chief Executive Officer of Aperam, commented: "The acquisition of ELG's recycling business will further transform and strengthen Aperam. The combination will benefit our stakeholders by creating value in the recycling industry. It will also accelerate Aperam's expansion into geographies and industries that are complementary to its current portfolio. Aperam intends to operate ELG as a fully separate and independent company. ELG will continue to serve all of its customers in their best interest."

 

Aperam will hold an investor conference call & webcast with its senior management, tomorrow 7 May 2021 at 13:00 pm CET, with the following dial-in details:

 

Webcast link: https://channel.royalcast.com/landingpage/aperam/20210507_1/

UK: [phone]    FR: [phone]    US: [phone]   

Password: Aperam

 

 

About Franz Haniel & Cie. GmbH

 

Franz Haniel & Cie. GmbH is a 100 percent family-owned company which has been headquartered in Duisburg since it was founded in 1756. It manages a portfolio of independent businesses with the goal to make all investments "enkelfähig" and create value for generations. To that end, it pursues a structured investment strategy along the three pillars "People. Planet. Progress"; combining a strict focus on sustainability with a clear focus on performance. The portfolio companies are managed on the basis of a joint management model - the Haniel Operating Way (HOW) - and are expected to share a performance-oriented culture. Currently, the Haniel portfolio comprises eight business units: BauWatch, BekaertDeslee, CWS, ELG, EMMA, Optimar, ROVEMA and TAKKT. In addition, there is also a financial investment in CECONOMY.