The expansion of the CRONIMET Group strengthens its market position in Central Europe

A corresponding contract for the purchase of 100% of the shares was signed at the beginning of August 2024 and the closing conditions were met on September 6, 2024. The North Bohemian family business, which has been operating successfully on the Czech market for 32 years, has thus become an integral and important part of the CRONIMET Group. At the same time, a long-term succession plan has been found with the takeover.

MetallPlast Recykling, founded in 1992 by Milan Ryšavý, has made a name for itself with its expertise in the areas of ferrous scrap, stainless steel & foundry scrap and non-ferrous metal. The geographical location of MetallPlast Recykling's seven sites, which have their own fleet of vehicles for disposal services, is a valuable addition to the CRONIMET Group's network of sites and product portfolio.

CRONIMET is taking on the 48 employees, who will continue to make important contributions to the company's success with their expertise.

“This acquisition is a strategic step that strengthens our market position in Central Europe,” explains Jürgen Pilarsky, CEO of CRONIMET Holding. “In particular, the geographical location of the sites and the complementary focal points in the operating business offer great synergy potential. We want to use this and the strengths of both companies to broaden our service and product portfolio for our business partners. The shared values of both family-run companies, which emphasize sustainable and responsible management, were a decisive factor in the successful merger.

The CRONIMET Holding Group, headquartered in Karlsruhe, Germany, is a global specialist for stainless steel scrap and ferroalloys. The focus here is on returning metallic raw materials to the materials cycle through recycling and processing, thus contributing to the securing of raw materials and raw material efficiency. For more than four decades, the company has been supplying raw materials to the stainless steel producing industry. The CRONIMET Holding Group was founded in 1980 and is now present worldwide with more than 1600 employees at around 75 locations.

MetallPlast Recykling, based in North Bohemia, Czech Republic, specializes in the processing and recycling of scrap metal. The company was founded in 1992, has seven locations and has established itself through high standards and reliable services.

CRONIMET Ostrava was founded in 2010 as one of the branches of the CRONIMET group. The company operates mainly on the Czech, Slovak and Hungarian markets in the field of purchase, recycling and sale of metal scrap. It is one of the most important companies specializing in the processing of stainless steel and other alloy steel scrap and an important supplier of metal scrap to the steel mills. Thanks to its international background and know-how in the field of the recycling of stainless steel scrap, the company offers its customers reliable cooperation and well-functioning service.