HJHansen to purchase Uniscrap Ltd.

HJHansen to purchase Uniscrap Ltd.
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Danish scrap metal recycling company HJHansen Recycling Industry Ltd. says it has signed a deal to acquire Uniscrap Ltd. from the Scholz Recycling Group GmbH, Essingen, Germany. Uniscrap was founded in 1958 in Copenhagen.

Uniscrap Ltd. is headquartered in Taulov in Denmark. The company employs 34 people at six locations and has yearly revenue of about 50 million euros.

HJHansen Recycling Industry board Chairman Christian Junker says, ”During the last 1.5 years, HJHansen Recycling Industry has completed an extensive turnaround process resulting in significant cost reduction and efficiency increase. In the coming year, we will need to invest in further processing activities. We are in a field of business where economy of scale is important and where tax costs are significant. There is therefore a need for consolidation in the iron and metal recycling business in Denmark. In that perspective, Uniscrap and HJHansen Recycling Industry is a perfect match and the key to further strengthening our business.”

Following the acquisition, HJHansen Recycling Industry’s turnover will be 300 million euros. The company will employ approximately 200 people at 20 locations in Denmark, Sweden, Turkey and China. Its recycling activities include ferrous and nonferrous scrap trading, cable and transformer recycling and car dismantling and recycling.

Chief Operating Officer, International, for Chiho Environmental Marc Breidenbach^* says, "We are happy that we have reached an agreement with HJHansen Recycling Industry. We are certain that this is the right solution for Uniscraps employees and its partners.”

HJHansen Recycling Industry Ltd. CEO Mogens Bach Christensen says, “HJHansen Recycling Industry wishes to be the preferred partner for Danish companies who need to dispose [of] iron and metal scrap. With the acquisition of Uniscrap, we strengthen our business platform, which will benefit our suppliers of scrap. Now we await the final approval from the competition authorities and, when that is reached, we will start integrating business processes and utilize synergies.”

Final approval of the acquisition needs to be obtained from the Danish competition authorities. This is expected to be given in the spring of 2021, according to a news release from HJHansen.

^*Breidenbach originally was misidentified as the CEO Scholz Group.

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Source: Recycling Today
HJHansen to purchase Uniscrap Ltd.
<![CDATA[Danish scrap metal recycling company HJHansen Recycling Industry Ltd. says it has signed a deal to acquire Uniscrap Ltd. from the Scholz Recycling Group GmbH, Essingen, Germany. Uniscrap was founded in 1958 in Copenhagen.Uniscrap Ltd. is headquartered in Taulov in Denmark. The company employs 34 people at six locations and has yearly revenue of about 50 million euros.HJHansen Recycling Industry board Chairman Christian Junker says, ”During the last 1.5 years, HJHansen Recycling Industry has completed an extensive turnaround process resulting in significant cost reduction and efficiency increase. In the coming year, we will need to invest in further processing activities. We are in a field of business where economy of scale is important and where tax costs are significant. There is therefore a need for consolidation in the iron and metal recycling business in Denmark. In that perspective, Uniscrap and HJHansen Recycling Industry is a perfect match and the key to further strengthening our business.”Following the acquisition, HJHansen Recycling Industry’s turnover will be 300 million euros. The company will employ approximately 200 people at 20 locations in Denmark, Sweden, Turkey and China. Its recycling activities include ferrous and nonferrous scrap trading, cable and transformer recycling and car dismantling and recycling.…