The GMH Group has announced the acquisition of ALBA Metall Saar GmbH. With this move, the GMH Group is expanding its geographical network in southwestern Germany and increasing its recycling capacities in the scrap sector. This acquisition secures the company access to secondary raw materials and strengthens its value chain.
According to Dr. Alexander Becker, CEO of the GMH Group, the strategic acquisition serves the long-term securing of resources and underscores the GMH Group’s commitment to sustainability: "The acquisition of ALBA Metall Saar GmbH is an important step in our growth strategy, particularly as we focus more on the circular economy. This integration strengthens our regional presence and enhances our ability to offer high-quality recycled raw materials."
Julian Kröger, Managing Director of GMH Recycling GmbH, added: "With this acquisition, we are strategically well-positioned to contribute to the decarbonization of the Saarland steel industry. We now have the necessary resources to continue on our path to full climate neutrality by 2039."
Strategic Importance for a CO2-Neutral Future
ALBA Metall Saar GmbH, founded in 1974, is a key player in the scrap and metal trade in the region. In the 2023 fiscal year, the company achieved a turnover of 21.8 million euros.
With this acquisition, the GMH Group is not only expanding its business portfolio but also taking a crucial step toward securing the necessary resources for its electric arc furnaces. These furnaces play a central role in the company's future CO2-neutral steel production. Through the acquisition, the GMH Group can optimize its costs and further reduce CO2 emissions in steel production.
Integration and New Opportunities for Employees
The purchase agreement was signed on July 24, 2024. After fulfilling the final conditions, the acquisition is expected to be completed by August 30, 2024. The Federal Cartel Office has already approved the transaction.
As part of the acquisition, ALBA Metall Saar GmbH will be renamed GMH Recycling Saar GmbH and fully integrated into the GMH Group's organizational structure. This integration is expected to be completed by 2025 and will open new opportunities for the employees of ALBA Metall Saar GmbH within the expanded corporate group.
About the GMH Group
The GMH Group is a full-service provider of steel products made from recycled scrap. As one of the largest privately-owned metal processing companies in Europe, the group comprises more than 15 medium-sized production companies in the steel, forging, and foundry industries across over 50 countries. With approximately 6,000 employees, the GMH Group generates an annual turnover of around two billion euros.
The GMH Group is a member of the "Association of Climate Protection Companies." By using electric arc furnaces at four locations, CO2 emissions are reduced by a factor of five compared to conventional blast furnaces. The group aims to achieve full climate neutrality by 2039.