Interseroh Raw Materials Division Acquires a Majority Share in an Internationally Operating Waste Plastic Trader
COLOGNE, Germany, March 28 /PRNewswire/ — - The Takeover of Rdb Gmbh is an Additional Strong Step Towards theInternationalization of ISR ISR Interseroh Rohstoffe GmbH is acquiring a majority share in theinternationally operating waste plastic trader and processor RDB GmbH. Thefirm with headquarters in the northern German town of Aukrug and a yearlyturnover of approx. 50 million euros transports approx. 130,000 tons of usedplastics throughout Europe, including over 70,000 tons of plastic film,approx. 40,000 tons of polyethylene terephthalate (PET) and additionalplastics. Asia is its largest sales market for the used plastics, some ofwhich are processed beforehand. The participation is subject to theauthorization of the Antitrust Agency.”By acquiring a majority share of RDB GmbH, we are consistently expandingour presence in the plastics branch across Europe. After a similaracquisition in the recovered paper branch and in the non-ferrous metalbranch, this is an additional step towards creating a tightly knit network oftrade capacity and direct access to final purchasers in Asia,” explainedInterseroh CEO Johannes-Jürgen Albus. Furthermore, this step reduces the dependence of the Interseroh rawmaterials segment on the internal secondary raw material quantities from thedifferent collection systems of the affiliated company InterserohDienstleistungs GmbH, which are subject to different regulatory guidelines.This thus enables the raw materials division to stand on its own, statedAlbus when describing the additional advantages of purchasing RDB GmbH. The management of RDB GmbH will remain in the firm RDB and support theactivities of ISR Interseroh Rohstoffe GmbH, which globally trades secondaryraw materials including recovered paper, waste plastics and scrap wood. RDB currently employs approximately 80 people. The purchasing departmentis represented not only in Germany, but also in several other Europeancountries. Four operating sites in Germany with a storage and handling areaof approx 60,000 m2 and two plants for processing PET primarily from theGerman mandatory deposit system on disposable drinks bottles are integralparts of the company. A processing plant in Hong Kong is also planned. Thecompany has a tightly knit network of purchasers in the recycling industries,for example the textile and fibre industries in China. By pooling Interseroh raw materials activities in ISR InterserohRohstoffe GmbH, the acquisition enables Interseroh to further concentratequantities in the sales segment and in maritime container logistics, explainsthe ISR management. “We can pass on the price and cost advantages gained thisway to our suppliers across Europe and thus further increase our growth intonnage.” With headquarters in Cologne, over 70 branch locations, and nearly 1,700employees in Europe the Interseroh Group stands for high-quality recyclingand modern ecological recycling management. Its tasks include the collection,transport, processing, and recovery of empty packaging, end-of-life products,and scrap metal in several European countries. Interseroh thus assures thatvaluable secondary raw materials traded world-wide are available toindustries for their production activities. In 2007 this totalled approx. 5.8million tons and the Group generated a turnover of around 1.75 billion euros. As a leading supplier of the paper, plastic, and derived timberindustries, and biomass power stations, ISR Interseroh Rohstoffe GmbH poolsthe raw materials trading activities of the Group in Europe and world-wide.Altogether, the Group sold approx. 1.3 million tons of recovered paper,160,000 tons of plastic, and 670,000 tons of scrap wood. More information on raw materials and recycling athttp://www.interseroh-news.de. (in German only) Contact: Michael Block Leiter Unternehmenskommunikation INTERSEROH AG Phone: 49-22039147-1264 Fax: 49-22039157-1264 Mobile: 49-1735398340 E-Mail: michael.block@interseroh.com Web: http://www.interseroh.deInterseroh AG
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