Speira acquires Real Alloy Europe

Speira, a Germany-based aluminum rolling and recycling company owned by U.S.-based KPS Capital Partners, has acquired Real Alloy Europe, a recycler of aluminum and magnesium scrap headquartered in Grevenbroich, Germany.

According to a news release, the acquisition includes three aluminum and magnesium recycling facilities in Germany as well as an aluminum recycling facility and a salt slag recycling facility in Norway. Speira says these acquisitions will increase its ability to use recycled metal and meet demand for circular solutions.

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Speira tells Recycling Today the acquisition of Real Alloy Europe more than doubles its recycling capacity to 650,000 metric tons per year.

“Today marks a milestone on Speira’s transformation journey to becoming a leading aluminum rolling and recycling company and accelerates the decarbonization of our business,” Speira CEO Einar Glomnes says. “We are combining a leading European aluminum recycling company with one of the largest aluminum rolling and recycling companies on the continent.”

Speira says the acquired facilities will be integrated into the company’s operations in Germany and Norway and form the basis of Speira’s new business unit, “Recycling Services.”

According to a news release from Speira, the company is divesting two assets from Real Alloy Europe to Aurea SA as part of a mandate from the European Commission to approve the acquisition. Speira says the divestment of those assets, which are based in Sainte-Menehould, France, and Swansea, United Kingdom, is expected to take place in the second quarter of the year.