Metal Trade Comax Group acquires Oetinger Aluminium Group

Metal Trade Comax Group acquires Oetinger Aluminium Group

Germany-based Oetinger produces about 190,000 metric tons per year of aluminum alloys.

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January 11, 2018
Edited by Dan Sandoval
Europe Financial Nonferrous

Metal Trade Comax Group, based in the Czech Republic, has acquired Oetinger Aluminium Group, a manufacturer of recycled-content aluminum casting alloys based in Germany. Oetinger operates plants in Weißenhorn and Neu-Ulm, Germany, with a total production capacity of approximately 190,000 metric tons per year.

Metal Trade Comax Group, based in the Czech Republic, is a metals processing company engaged in coil coating, profiling and slitting activities with an annual capacity of 200,000 metric tons per year.

According to Metal Trade Comax, in its metallurgy segment the company currently operates scrap-fed aluminum casting alloys furnaces with about 30,000 metric tons per year of capacity. These will be combined with the Oetinger assets, Metal Trade Comax indicates in a Jan. 9, 2018, press release, to create a combined annual production capacity of about 220,000 metric tons per year.

“We are happy that, with our new owner Metal Trade Comax, we become part of a very dynamic industrial group,” comments Roland Keller, managing director of Oetinger Aluminium Group. “We are convinced that the new strategic ownership will further strengthen our position in the aluminum recycling market and that we can offer an even larger range of products and services to our customers.”

Alloys Aluminium Mergers & acquisitions