Hardmetals company the Ceratizit Group says that it has acquired 50% of shares in Stadler Metalle GmbH & Co KG, a company which specialises in trading and processing secondary raw materials with a strong focus on carbide.
‘The investment in Stadler is a unique opportunity for the Ceratizit Group to secure the entire raw materials supply chain,’ said executive board member Thierry Wolter. ‘The demand for our main raw materials, tungsten and cobalt, is steadily increasing. Thanks to Stadler's network and expertise in logistics, we will now be able to focus even more strongly on recycling carbide tools in the supply of raw materials.’
The two private companies have agreed not to disclose the financial details of the transaction.
This story is adapted from material from Ceratizit, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
