German Recycling Group Alba Acquires Reciclajes Dolaf in Spain
Berlin, Germany, 02 May 2012 -- With its takeover of Madrid-based paper recycling company Reciclajes Dolaf last week, German recycling group Alba is entering the Spanish recovered paper market. The company reported that the purchase agreement for 99% of the shares in the paper recycler and merchant Reciclajes Dolaf S.L. was signed before a notary on 26 April. The transfer of rights became effective immediately. The remaining shares remain in the hands of the previous owners, the Donoso Lafuente family.
Reciclajes Dolaf is active in handling, sorting, buying, and selling paper, paperboard, and packaging (PPP) in Madrid and Valencia. The company also is one of three recipients of material under Spain’s largest municipal disposal contract for PPP, the one for the capital, Madrid. Reciclajes Dolaf has a total input and output volume of roughly 100,000 metric tons of recovered paper and cardboard per year.
“Entering the market in Spain further strengthens our position as a raw-material supplier in southern Europe,” said Axel Schweitzer, board chairman of Alba Group. “At the Valencia facility we also have the option of using Spain’s largest deep sea port,” he said.
Schweitzer announced the company’s intention to add other secondary raw material source streams to its field of business. To integrate the new company into the Alba Group, it now trades under the name of Alba Servicios Verdes, S.L. Alba is keeping on all of the almost 80 employees at the Madrid and Valencia facilities.