A global company that owns European e-scrap recycling operations has purchased U.S. company Legend Smelting and Recycling.
Elemental Holding, which operates in 15 countries on three continents, recently announced the acquisition of Legend Smelting and Recycling (LSR), which has facilities in Ohio, California, Illinois, Indiana and Texas. LSR specializes in recycling catalytic converters and non-ferrous metals.
Elemental Holding Group owns companies that recycle consumer electronics, appliances, printed circuit boards, catalyst converters and non-ferrous metals. A company spokesman said the company’s electronics recycling activities occur across Europe, not North America.
Elemental has acquired three U.S. companies since 2019: PGM of Texas, Maryland Core, and LSR, all of which focus on recycling spent automotive catalysts. The holding company’s U.S. investments now total nearly $100 million, according to a press release.
In the release, Krzysztof Spyra, management board member at Elemental Holding, noted that trends in technology development and growing environmental concerns mean higher demand for precious and copper group metals in the future.
“Further strengthening our position in the U.S. market is an important step towards creating a global urban mining leader in the segments of strategic ‘green metals’ production and the recycling of [platinum group metals], electronics (gold, silver, copper, aluminum), and e-mobility (nickel, cobalt, lithium),” Spyra stated in the release.
More stories about metals
- Emerging processor plots fast expansion to supply smelter
- Economic concerns underlie drop in copper price
- Aurubis smelter plans opposed by environmentalists