Derichebourg: acquisition of Spain's Lyrsa group
(CercleFinance.com) - Derichebourg Environnement announces that it has signed an agreement with Layro for the acquisition of Lyrsa Group, the Spanish leader in scrap metal recycling.
The acquisition agreement provides for the acquisition of the interests held by Layro in the companies Lyrsa, Archamesa and Redisa, as well as the possibility for these companies' minority shareholders to join the transaction.
The business scope of Lyrsa group that is concerned by this acquisition project reported 2018 sales of 427 million euros. The group processes nearly a million tonnes of scrap metal annually, including around 160,000 tonnes of non-ferrous metals.
Lyrsa operates 18 recycling centres (17 in Spain, 1 in Portugal). The company is the leader of independent Spanish actors in the recycling of scrap metal.
This acquisition is expected to be completed by the end of 2019.
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