With effect of 1 January 2018, BAGR Berliner Aluminiumwerk GmbH has purchased the remaining 50% of the shares of Stockach Aluminium GmbH from SSVP III, a private equity fund that is advised by Orlando Management AG.
Both companies produce rolling slabs made from secondary aluminium. They complement each other with regard to their respective product portfolio and with locations in Berlin and Stockach also from a geographical point of view.
Based on a solid order inflow at Stockach Aluminium since the initial takeover of a 50% share by BAGR at the beginning of 2017, targeted investments have been initiated to increase the melting and casting capacities from today’s 50,000 tonnes to an annual capacity of 90,000 tonnes. In a first move, a 60-tonne melting and casting furnace will be installed and put into operation in 2019.
With a total slab casting capacity of 180,000 tonnes per year, the affiliated companies will become a leading independent seller of rolling slabs in Europe. BAGR and Stockach Aluminium will provide additional benefit to their business partners by further enhancing their operational and strategic collaboration and mutual know-how transfer. Nonetheless, both companies will preserve their legal independence.