Speira signs agreement to acquire aluminium recycler Real Alloy Europe

On 21^st February 2022, the leading aluminium rolling and recycling firm, Speira declared that it has signed a definitive agreement towards the acquisition of the European business of Real Alloy ("Real Alloy Europe"). However, the finalization of the transaction is subject to customary closing conditions and approvals.

The European leader in the recycling of aluminium and magnesium scrap and related by-products, Real Alloy Europe functionalizes with seven facilities and around 600 employees across Germany, Norway, France and the United Kingdom. The acquisition will upgrade Speira's expertise to utilize recycled metal in its production and supply high-quality, low carbon rolled aluminium products to its customers.

Einar Glomnes, the CEO of Speira stated, "The integration of Real Alloy Europe into Speira will accelerate our strategy of creating closed loops from scrap to final product and back.”

“We look forward to investing further in Speira's and Real Alloy Europe's combined capabilities to meet the market's demand for sustainable and circular solutions."

"Following the acquisition, Speira will continue to focus on delivering third-party recycling services to existing and new customers of Real Alloy Europe. We will be serving the whole European aluminium industry, working closely with customers across the value chain," Glomnes added.