French recycler Derichebourg has agreed the acquisition of Luxembourg-based Ecore Group. Ecore owns French scrap merchant GDE.
Derichebourg intends to buy a 100% shareholding in Ecore. The acquisition will be completed after the go-ahead from the competition authority, a source close to Derichebourg tells Kallanish.
GDE Ecore counts 68 sites in France and employs 1,339 workers for a turnover in 2019 of €1.16 billion ($1.39 billion). GDE is also purchasing two industrial sites from Suez Group, located in Blainville sur Orne and Saint-Sulpice sur Risle in Normandy.
Ecore controls all activities in the recycling chain, from end-of-life material collection to the marketing of new secondary raw materials. It recently bagged a large contract with shipbuilder Chantiers de l’Atlantique for the collection and recycling of 20,000 tonnes of ferrous and non-ferrous waste (see Kallanish 11 January).
Derichebourg has a turnover of almost €2.5 billion and employs 4,600 workers. Its services cover the collection, management, recycling and recovery of end-of-life equipment and consumer articles, recoverable materials and industrial waste, including end-of-life vehicles. Each year it recycles 3.1 million tonnes of ferrous material.
Natalia Capra France