Befesa Medio Ambiente has acquired and financed three German salt slag recycling facilities
Publicly quoted Befesa Medio Ambiente S.A. (“Befesa”) has reached agreements with the insolvency administrators of Aluminium-Salzschlacke Aufbereitungs GmbH i.I., Hannover, and Alsa Süd GmbH i.I., Töging, both subsidiaries of insolvent German quoted company Agor AG, to acquire the three recycling plants in Hannover, Lünen and Töging that have a replacement value of more than Euro 100 million. The facilities are equipped with state-of-the-art technology and a joint treatment capacity of 380,000 tons of salt slag per year.
Befesa currently has two similar recycling plants, one in Valladolid (Spain) and the other in Wales (United Kingdom) with a joint capacity for handling 230,000 tons per year. “With this acquisition, Befesa becomes the leading company in salt slag recycling in Europe with five production plants spread strategically across the continent,” says Federico Barredo, Managing Director at Befesa. “Lincoln International was a great support in a complicated transaction in a difficult market environment. Their integrated Spanish-German team worked very well with our internal resources and steered the transaction to a successful end.”
Befesa, the environmental services subsidiary of Abengoa, has a presence in more than 20 countries and specializes in the integral management of industrial waste and the generation and management of water. In 2008, the company generated sales of some Euro 874 million.
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