Noerr advises investors on takeover of aluminium recyclers ScholzAlu Stockach

Noerr has acted for funds advised by Orlando Management AG on the acquisition of all the shares in ScholzAlu Stockach GmbH. The vendor is the Scholz Group, which is pulling out of the aluminium recycling business as a result of the transaction.

The company, which will trade under the name of Stockach Aluminium GmbH in the future, specialises in manufacturing casting and wrought alloys from recycled scrap aluminium. Its annual capacity is more than 100,000 tonnes. The investors advised by Orlando already hold interests in the Oetinger Aluminium Group, a manufacturer of casting alloys made from recycled aluminium. Together they will form one of the leading European aluminium recycling groups with a capacity of approximately 290,000 tonnes a year.

A Noerr team led by Munich partner Dr Florian Becker, co-head of Noerr’s Corporate/M&A practice group, advised the investors. Becker had already acted as lead counsel to the investors during the takeover of Oetinger Aluminium.

Advisors to funds advised by Orlando Management: Noerr LLP

Dr Florian Becker (lead, Corporate/M&A), Martin Ahlhaus (Regulatory), Martin Nigl; Associate: Jasmin Wagner (both Corporate/M&A, all Munich)