Eramet is looking to boost recycling with buy of Valdi

Dec 14, 2009 | 11:37 AM | Josephine Mason

Eramet Group is buying French recycler AFE Valdi in a move aimed at developing its nonferrous metal and battery recycling activities.

The terms of the deal with AFE Group, which is subject to regulatory clearance, were not disclosed. Valdi, which processes and recycles nonferrous metals, had turnover of €25 million ($36.5 million) in 2008.

"Recycling is a major growth avenue for the group and enables us to strengthen our sustainable development-related activities. Eramet has a full set of technological skills for optimum recovery of the metals contained in various types of products to be recycled, whether by hydrometallurgical or pyrometallurgical processes," Patrick Buffet, Eramet's chairman and chief executive officer, said in a statement. "The....

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