Legend Smelting and Recycling, one of the U.S. market leaders in strategic metal recycling, has joined the Elemental Holding Group. This is yet another acquisition that strengthens the group’s position in the global supply chain of critical raw materials. The total value of Elemental Holding’s investments in the U.S. market has reached nearly $100 million.
Under the transaction, Elemental Holding Group has acquired 100 percent of shares in Legend Smelting and Recycling (LSR). With 40 years’ experience and a well established reputation, LSR has a strong position in the U.S. market for sourcing and green production of strategic metals. The company’s facilities – located in Ohio, California, Illinois, Indiana and Texas – source raw materials from all across North America, including Mexico.
The acquisition of Legend Smelting and Recycling is yet another investment by Elemental Holding Group in the U.S. strategic metal recycling segment. In December 2019, the group took over a controlling stake in PGM of Texas, which has a large purchasing network with 12 locations across the U.S., as well as a state-of-the-art processing plant and a chemical laboratory. In May, the takeover of Maryland Core Inc. was finalized.
Published in the October 2021 Edition