Business
Derichebourg : Signing of an agreement to acquire the Scholz Recycling Group
Derichebourg : Signing of an agreement to acquire the Scholz Recycling
About this update from Derichebourg Sa
Signing of an agreement to acquire the Scholz Recycling Group Paris, May 5th, 2026 - Derichebourg SA (ISIN code: FR000053381, Ticker: DBG) today announces the signing of an agreement to acquire 100% of the share capital of the Scholz Recycling Group ("Scholz"). This strategic acquisition continues the Group's international growth and strategy to secure its leading position in the global metal waste recycling industry. Strengthening Derichebourg Group's global competitiveness Founded in 1872, Scholz Recycling is one of Europe's leading metal recycling companies. With a turnover of €1.6 billion in 2025, the group has a long-standing industrial presence in Germany, as well as in the Czech Republic, Poland, Slovenia, and through joint ventures in Austria and Romania. In 2025 Scholz sold over 3 million tonnes of recycled ferrous metals, non-ferrous metals, paper, cardboard and plastics. The Scholz Group has over 3,500 employees and operates 180 sites worldwide, including joint-ventures. This acquisition would enable Derichebourg to: Expand operational scale by integrating a network of over 100 recycling centres (180 including joint ventures) located in countries where the group has little or no business. Support the decarbonisation of the steel industry in Europe to meet the growing demand from European steelmakers who are replacing their traditional blast furnaces with electric arc furnaces which consume large quantities of high-quality scrap metal. Optimise operational efficiency through complementary logistical and commercial operations across Europe. A secure and transparent competitive process The acquisition is a result of a competitive tender process conducted by receivers following the enforcement of security interests against the parent holding company of Scholz Recycling, Chiho Environmental Group Limited ("Chiho"). Derichebourg wishes to clarify the following points: Operational strength of the target: Scholz Recycling is a fully solvent company with independent governance and a sound financial structure. Its business operations remain insulated from the difficulties faced by Chiho. The transaction is being carried out on an arms-length basis and on market terms. Its selection as the winning bidder reflects the strength of the Group's financial position, commercial credibility and industrial strategy. Terms s conditions and timetable for the operati...