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TSR, REMONDIS’ steel and metal recycling subsidiary, has purchased five business locations in Germany, Belgium, the Netherlands, Austria and Sweden from Sims Metal Management, an Australian-American recycling company. Thanks to this acquisition, TSR has been able to considerably expand its metal recycling operations. In the future, the company will be operating on the market with three different recycling divisions: the first division will comprise its classic ferrous and non-ferrous metal recycling activities, the second division all existing downstream metal recovery activities and the third the recycling of waste electrical and electronic equipment (WEEE).
“By purchasing these businesses, we have succeeded in extending our portfolio to include WEEE recycling as well as to further expand our downstream operations,” said Christian Thielen, commercial managing director at TSR, explaining the strategic decision behind this step. “These changes are important and necessary milestones in the development of our company. They will help to strengthen our position on the market and give us a further competitive edge,” he concluded.
Christian Thielen, Commercial Managing Director at TSR
The companies have also been given new names to reflect these changes: M&R Recycling Solutions, MIREC and METRADE. M&R Recycling Solutions’ business in Bergkamen, a town situated in the German state of North Rhine-Westphalia, primarily focuses on downstream activities. From here, it handles mixed fractions of materials containing metal from a variety of treatment processes to produce concentrates for the iron and steel industry. Covering a surface area of 80,000 square metres and with a workforce of just under 150 people, this is the largest of the five new units. A total of around 185 employees recycle e-waste at MIREC’s plants in Eindhoven (Netherlands), Sint-Niklaas (Belgium) and Katrineholm (Sweden). And METRADE’s operations at its Austrian Müllendorf facility also focus on WEEE recycling: approx. 30 people process old electrical devices here.
This transaction is being rounded off by the company’s decision to pool together all of REMONDIS’ WEEE recycling activities and downstream units under TSR’s roof. As a result, REMONDIS Electrorecycling’s operations and Indra Recycling in Hockenheim are to be integrated into TSR at the beginning of next year. This will create additional synergies and make the business processes even more efficient.
M&R Recycling Solutions’ business in Bergkamen primarily focuses on downstream activities