Further step in restructuring and realignment of the international recycling group
In the course of restructuring, the Scholz Group has let go of the group company ScholzAlu Stockach who are based in Stockach on Lake Constance. The buyers of 100% of the shares are investors advised by Orlando Management AG, announced Scholz. It was agreed to maintain secrecy concerning the economic details of the transaction, which has already taken place.
ScholzAlu Stockach manufactures cast and wrought alloys made of recycled aluminium scrap and treats salt slag derived from the production of secondary aluminium. As such, the company, who currently has 160 employees, is not part of the core business of the Scholz Group, which is steel and metal recycling. The now-completed sale is viewed by Scholz as a further step in the ongoing restructuring and realignment of Scholz, which is now very far advanced.
Orlando Management AG, who have offices in Munich, Zurich and Stockholm, advise institutional and private investors on investments in small and medium-sized enterprises and group subsidiaries in German-speaking regions. According to their own statements they focus on companies in special or transition situations with turnovers of up to 500 million euros. In the past the takeover of the Oetinger locations of Weißenhorn and Neu-Ulm by the holding company SSVP III were handled by Orlando.