01 dec Scanmetals

Monte Debt Advisory is delighted to have acted as Debt Advisor to Scanmetals A/S, an internationally renowned leader in non-ferrous metal recycling, in connection with the acquisition of the majority stake in Afatek A/S.

On the 15th of November, Scanmetals announced it has signed an agreement to acquire a 70% controlling interest in Afatek, a leading processor of raw incinerator bottom ash (IBA) from Energy-from-Waste plants. The strategic acquisition will broaden Scanmetals position in the value chain in Denmark and strengthen its technological leadership position in waste processing and metal recovery.

Founded in 2009, Scanmetals is an internationally renowned processor of non-ferrous metals recovered from incinerator bottom ash generated by Energy-from-Waste facilities. Scanmetals is recognized for its industry-leading segregation capabilities utilizing our environment-friendly, dry process to clean and recover mixed non-ferrous metals from IBA. The company is owned by the founders, Kirk Kapital and Core Sustainability Capital.

For more details, please refer to the company announcement: https://www.linkedin.com/feed/update/urn:li:activity:7263096507485016064/