Tilburg, 14 August 2020 – Stolwerk Metaal, a well-known metal recycler in West-Brabant, becomes part of the Raak Metals Group. The acquisition will further strengthen the market position of Raak Metals in the Southern part of the Netherlands. The combination will process more than 110,000 tons of metal per year resulting in more than EUR 40m in revenue.
Raak Metals Group is a recycler of ferrous and non-ferrous metals with locations in Tilburg, Best and Elst. The company unburdens its clients with container services, recycling advise and (on-site) disassembly. In addition, Raak Metals Group has built up in-depth expertise regarding the recycling of transformers, power cables and cast iron. In February of this year, Gilde Equity Management joined Raak Metals as a shareholder.
Stolwerk Metaal is a family owned company that was founded in 1967. Today, the company is a leading metal recycler in West-Brabant. Stolwerk Metaal collects its metals through container services and demolition projects.
Maarten van Raak (CEO Raak Metals):
“In February 2020 we welcomed Gilde Equity Management as investor. Together we have embarked on a multi-year plan with the goal to grow the Raak Metals Group into one of the leaders in the Dutch metal recycling market. Joining forces with the well-known family business Stolwerk Metaal is a great step for us.”
Ronald Stolwerk (CEO Stolwerk Metaal):
“My father founded Stolwerk Metaal in 1967. Since 1999, I have been the director and owner of Stolwerk Metaal. This made the choice to sell the family business very difficult at first. Nevertheless, I realize joining Raak Metals is a major step forward and I have the utmost confidence that the company is in good hands with Raak Metals and Gilde.”
Eschwin Hetzenauer (Partner at Gilde Equity Management):
“In the world of today, the use of secondary raw materials is becoming increasingly important. It is a new dawn for an old industry. Raak Metals and Stolwerk Metaal are proven frontrunners in collecting and recycling metal scrap. The acquisition of Stolwerk Metaal will further strengthen the market position of Raak Metals.”