Ceratizit Group is glad to announce the acquisition of 50 percent of the shares in Stadler Metalle GmbH & Co. KG, with effect from March 1. The German company specialises in trading and processing secondary raw materials and has a strong focus on hard metal.
"The investment in Stadler is a unique opportunity for the CERATIZIT Group to secure the entire raw materials supply chain” emphasises Thierry Wolter, Member of the Ceratizit Executive Board of Directors. “The demand for our main raw materials, tungsten and cobalt, is steadily increasing. Thanks to Stadler's network and expertise in logistics, we will now be able to focus even more strongly on recycling carbide tools in the supply of raw materials” .
Through the partnership, Stadler gains access to the worldwide network and know-how of the Ceratizit Group and can use this as the basis for developing new business models.
The two private companies have agreed not to disclose the financial details of the transaction. It is still subject to the approval of the antitrust authorities.
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