Sweden | Swedish metal recycling specialist Kilsta Metall AB has acquired the environmental and recycling company Ragn-Sells AB's metals processing facility in Norrkoping, Sweden.
The acquisition price was not disclosed. The 10,000-square metre facility has some 10 employees and achieved a turnover of approximately SEK50 million (US$ 8.5 million) in 2007.
The acquisition will significantly increase Kilsta Metall's metal shredding capacity, as well as its earnings capacity. The acquisition follows on a cooperation agreement signed earlier this month between Kilsta Metall and Ragn-Sells.
Kilsta Metall, headquartered in Karlskoga, Sweden, is a recycled metal treatment company producing aluminium shreds and alloys. The company was established in 2006, and reported a turnover of SEK40.5 million (US$ 6.9 million) in its first 16-months of operation.
