ELG group to be acquired by Luxembourg-based steel producer Aperam

ELG group to be acquired by Luxembourg-based steel producer Aperam


ELG´s shareholder Franz Haniel & Cie GmbH has signed a Share Purchase Agreement with Luxembourg-based steel producer Aperam S.A. to sell ELG.  

ELG will be sold as a complete group and continue to operate as a fully separate and independent company. The transaction is subject to regulatory approvals and expected to close in the second half of 2021.  

Once regulatory approvals are complete, Aperam intends to operate ELG as a fully separate and independent company. ELG will continue to serve all of its customers in their best interests. Our current focus is to ensure continuity of service to our suppliers and customers as well as maintaining our excellent quality of supply. For our suppliers, we will continue to be a reliable purchaser of scrap. 

We are looking forward to continuing our business with you in these new circumstances and striving to develop our relationship further. 


Press contact: 

Simone Fuchs 

Corporate Communications

Franz Haniel & Cie. GmbH 
Franz-Haniel-Platz 1 
47119 Duisburg 
T +49 203 806-578 

more news

All news

Bernard Hallemans becomes CEO of ELG GmbH

Dr Donald Weir is leaving ELG GmbH and will hand over the office of Chief Executive Officer to Bernard Hallemans on 1 Se..


ELG’s Sustainability Report 2021

As recycling company, we are sustainable both in what we do and how we do it. Like every year, we condensed the informat..


Guillaume Bazetoux becomes CFO of ELG Group

As of February 1, 2022, Guillaume Bazetoux will join the ELG Group as Chief Financial Officer (CFO), succeeding Mathias ..