The Netherlands – Riwald Recycling, a Dutch company that recycles ferrous waste metal, has been purchased by ArcelorMittal.
Closing of the transaction, which is pending usual regulatory approvals, is anticipated by the end of January 2023.
In 1989, Riwald Recycling was established. It runs two fully licensed scrap metal yards in the Netherlands’ Almelo and Beverwijk, both of which have easy access to ports. In 2021, Riwald processed more than 330,000 tons of ferrous scrap metal. It purchases materials from a variety of providers, including industrial firms, original equipment manufacturers (OEMs), demolition firms, merchants, auto wrecking yards, and local and federal governments. In order to separate the materials, Riwald uses high-tech equipment with exacting specifications. This maximizes the recovery from all forms of scrap and waste it collects and assures a high purity of materials at the conclusion of the operation.
ArcelorMittal announced the acquisition of John Lawrie Metals and various metal recycling facilities from ALBA International Recycling earlier this year. In 2021, these three companies processed more than 1 million tonnes of scrap steel when combined with Riwald.
ArcelorMittal identified five levers in its second Climate Action report that will allow the company to become carbon neutral by 2050, one of which was increasing usage of scrap steel.