Aperam Completes Acquisition of ELG, a Global Leader in Stainless Steel and Superalloys Recycling

On December 27, 2021, Aperam announced the completion of the acquisition of ELG, a  global leader in stainless steel and superalloys recycling.

Placing the circular economy at the core of Aperam’s growth strategy

• All necessary regulatory approvals required for the acquisition of ELG have been obtained, without conditions
• With the acquisition of ELG, Aperam places the circular economy at the core of its growth strategy
• About 30% of Aperam’s total workforce will create value from working in renewable and recycling upstream
• Aperam acquired ELG for an enterprise value of EUR 357 million (Equity value EUR 30 million)
• Total minimum synergies of EUR 24 million within next three years with additional improvement potential
• Consolidation of ELG into Aperam Group as from 31.12.2021
• A new reportable segment Recycling to be created consisting of ELG and Recyco

Useful Links

• Read the Press Release: EN / FR
• Read the Analyst Slides: Link
• Watch the comments made by our Management: Link