Veolia Environmental to acquire Bartin Recycling Group in France
Veolia Environmental Services announced the agreement to acquire the Bartin Recycling Group, a French top-three company in the recovery and recycling of ferrous and non-ferrous metals.
The Bartin Recycling Group specializes in the collection and recycling of industrial waste, in particular ferrous and non-ferrous metals. It recycles 780,000 metric tons of metals per year.
The acquisition brings Veolia Environmental Services a commercial structure and top quality industrial technical equipment located mainly in the central and northern regions of France and in the Greater Paris area. The Bartin Recycling Group’s clients include major industrial companies, for which it recycles production scrap.
Jérôme Le Conte, general manager France of Veolia Environmental Services, added, “Given the importance of materials recovery as 50% of the world’s steel is now produced from scrap metal, the collection and recycling of metals is becoming a key element in the palette of waste management activities. This acquisition will create excellent synergies and raise the metal recycling capacity of Veolia Environmental Services in France from 250,000 metric tons per year to over 1 million metric tons per year.”