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Scepter acquires secondary aluminum facility in Hungary

Keywords: Tags  Scepter Inc., Garney Scott, Hungary, expansion, offshore, aluminum recycling, secondary aluminum, Eastern Europe toll processing


NEW YORK — 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 said.

"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 Scepter’s 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 Scepter’s seventh aluminum recycling plant, with four other plants located in the United States and two in Canada.


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