TSR Recycling is carrying on
       the tradition of Siegfried Jost

We have placed the business succession at Siegfried Jost in good hands.

The Siegfried Jost company:

Siegfried Jost GmbH & Co. KG, a non-ferrous metals trading and electro-smelting company, was founded in 1924 and adopted its current name in 1953. The company operates an electro-smelting plant, trades in non-ferrous metals and has developed over the years into a manufacturer of non-ferrous metal ingots. The focus is on consistent automation, cost-effective management and high-quality copper-based alloys in ingot form. The customer base is diverse and includes, amongst others, companies from the glass, sanitaryware and stamped parts sectors.

The challenge

The transaction centred on arranging the business succession. The aim was to find a reliable partner who would maintain the site whilst continuing the company’s tradition and long-standing customer relationships. At the same time, the solution was intended to safeguard the continuity of the business model and the company’s long-term direction. Our task was to find a buyer who was a good fit for Siegfried Jost, both professionally and culturally, and who could offer stable prospects for the next generation.

As part of a structured M&A process, we provided exclusive support to the seller – from developing the transaction concept, through preparing the process documentation and approaching suitable investors across Europe, to supporting the due diligence process and the notarised completion of the transaction. Our experience in comparable transactions, together with our access to relevant strategic buyers, was a key factor in successfully shaping the succession plan for Siegfried Jost in a targeted manner and in the interests of all parties involved.

The solution: TSR Recycling as a partner

TSR Recycling, part of the REMONDIS Group, is a leading provider of metal recycling and high-purity recycled raw materials for industrial applications. The company sees itself as a reliable raw materials partner for industry and combines the circular economy with a sustainable supply of raw materials.

In TSR Recycling, a buyer was found that offers an excellent strategic fit and aligns with Jost both culturally and in terms of business focus. Integration into the TSR and REMONDIS Group will create additional synergies and provide a strong foundation for the further development of the business. TSR Recycling will continue to operate the company from its existing site, thereby ensuring continuity for staff and customers.

KEY FACTS

Sector:
Electrosmelting plant, non-ferrous metal trading, non-ferrous metal ingot production

Transaction type:
Sale of 100% of the shares

ABACUS’s role:
Exclusive sell-side M&A advisory services

Closing date:
September 2024

The succession at Siegfried Jost demonstrates how the traditions of small and medium-sized enterprises can be meaningfully combined with modern circular economy concepts. We are delighted to have prepared this transition in a structured manner and successfully implemented it in collaboration with the shareholders.

Volker Klosowski, Partner at ABACUS Corporate Finance GmbH

Are you looking for a sustainable succession plan that ensures the continued existence of your company and a bright future for your employees? Learn more about our M&A advisory services for business sales.

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