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Thursday, February 22, 2024

Cuatrecasas steers Sidenor´s acquisition of AMR

Cuatrecasas has advised Bizkaia-based Sidenor on its acquisition of Valencia-based Aguilar Metal Recycling-AMR, a company which is specialised in industrial scrap, boosting its capacity in metal waste treatment and ensures the continuous supply of quality industrial scrap.

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Sidenor has acquired Aguilar Metal Recycling-AMR, a company which is specialised in industrial scrap. With this operation, Sidenor boosts its technological and industrial capacity in metal waste treatment, while ensuring the continuous supply of quality industrial scrap.

AMR is a centenary company which is mainly specialised in the recovery and recycling of all types of metal and non-metal waste, most of which comes from companies that are closely linked to the automotive sector. It also provides services for waste management within these companies. Sidenor is currently buying scrap from various providers under strict quality criteria.

AMR has a strategic location in the Valencian town of Sagunto, in a significant area in terms of scrap generation, due to the presence of car production plants, as well as an excellent logistic location, 300 meters away from the port and 5 km away from the rail freight terminal.

The transaction performed by Sidenor, whose final closure will take place during the second 2022 quarter, contributes to the consolidation of the sector, in which the supply security of a key product such as industrial scrap will increase.

Cuatrecasas advised Sidenor with a team formed by Corporate/M&A partner José Ramón Berecibar and associate Jon Lanz.

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