By way of its subsidiary Deutsche Erz und Metall Union DEUMU, German steelmaker Salzgitter has now acquired the recycling company Must-Metalle-Container-Recycling with effect 15 February 2023. In future, the Must company will operate as an independent undertaking within the Salzgitter Group and will trade under the new name “Harzer Schrott und Recycling GmbH”. It has been agreed that the purchase price will remain confidential. Based in Goslar in the Harz in Lower Saxony region of Germany, the company specializes in trading in scrap materials and metals. As an owner-managed family business, Must was founded in 1909 and operates a container supply and scrapping business, dealing predominantly with companies in the metals processing sector. It also has a downstream sorting and processing operation which enables it to supply quality grades of scrap. The takeover is intended to facilitate the progression of this successful SME to the next stage of growth. In making this acquisition, DEUMU is directly implementing the Strategy Salzgitter AG 2030 that is consistently geared to circularity. As part of the SALCOS® - Salzgitter Low CO2 Steelmaking program that is pioneering the transition to virtually CO2-free steel production, the Salzgitter Group intends to significantly expand its scrap recycling activities. This acquisition represents a further development in “circularity" in the immediate vicinity of the steel-making location of Salzgitter, and will facilitate the use of high-quality secondary raw materials in the production of steel.
By way of its subsidiary Deutsche Erz und Metall Union DEUMU, German steelmaker Salzgitter has now acquired the recycling company Must-Metalle-Container-Recycling with effect 15 February 2023. In future, the Must company will operate as an independent undertaking within the Salzgitter Group and will trade under the new name “Harzer Schrott und Recycling GmbH”. It has been agreed that the purchase price will remain confidential. Based in Goslar in the Harz in Lower Saxony region of Germany, the company specializes in trading in scrap materials and metals. As an owner-managed family business, Must was founded in 1909 and operates a container supply and scrapping business, dealing predominantly with companies in the metals processing sector. It also has a downstream sorting and processing operation which enables it to supply quality grades of scrap. The takeover is intended to facilitate the progression of this successful SME to the next stage of growth. In making this acquisition, DEUMU is directly implementing the Strategy Salzgitter AG 2030 that is consistently geared to circularity. As part of the SALCOS® - Salzgitter Low CO2 Steelmaking program that is pioneering the transition to virtually CO2-free steel production, the Salzgitter Group intends to significantly expand its scrap recycling activities. This acquisition represents a further development in “circularity" in the immediate vicinity of the steel-making location of Salzgitter, and will facilitate the use of high-quality secondary raw materials in the production of steel.
