Scepter Inc. is expanding overseas, having acquired a secondary
aluminum plant in Tatabanya, Hungary.
The plant, Scepter
Tatabanya Kft, will serve customers in Eastern Europe as a
producer of specification ingot in molten, sow or ingot form
and as a toll converter of aluminum dross and scrap, it
"The purchase of this
European plant is a natural fit for Scepter. It also represents
an important strategic opportunity for us to leverage our
proprietary technology and human capital in a brand new
market," Garney B. Scott III, president of the Waverly,
Tenn.-based secondary aluminum recycling and trading company,
said in a statement Oct. 30. "To expand overseas is an
important step for a company to take."
Scholz AG recently
agreed to sell the facility, formerly ScholzAlu Tatabanya Kft,
to Scepter (
amm.com, Oct. 21). The facility will support
Scepters strategic growth initiative, which is designed
to mesh with its core competencies in aluminum recycling and
value-added aluminum products, the company said.
This is Scepters
seventh aluminum recycling plant, with four other plants
located in the United States and two in Canada.