In 2018 Elemental Holding acquired 85% of the shares of the German company Recat. The Polish International Development Fund bought back 32% of the shares in this company in 2019. The purpose of the refinancing was to provide financing to increase the scale of the group’s operations in the used car catalyst recycling market in Western Europe and to enter the US market.
Type of financing: acquisition of shares in a subsidiary
Elemental Holding operates in the sector of recycling and trading in secondary raw materials. The group’s strategy is to invest in entities engaged in urban mining and recycling. Elemental Group companies operate in three business lines: recycling of platinum group metals (PGM) from catalytic converters, electrical and electronic equipment waste and non-ferrous scrap.
Elemental Holding operates in the strategic raw materials sector. Recovery of valuable and rare metals is not possible without access to the purchase market, to materials and to raw materials. The markets for purchasing such materials for recycling and selling products are global. The company’s foreign expansion destinations have evolved in line with the company’s situation and changes in the business environment. The group companies are based in EU countries, Turkey, UAE, Singapore, Malaysia and the United States.
The decision to expand into Western European countries: Germany, UK and Finland was related to the purchasing market and the origin of materials and raw materials. In its expansion strategy, the company chooses markets which offer the best balance between expected profitability and achievable turnover volume.
The decision to expand into Western European countries: Germany, UK and Finland was related to the purchasing market and the origin of materials and raw materials. In its expansion strategy, the company chooses markets which offer the best balance between expected profitability and achievable turnover volume.
