Derichebourg Environnement has finalized its purchase of the Lyrsa Group that includes 18 of its recycling centers.

 

Lyrsa Group generated €427mn ($477mn) in revenue last year and processes 1mn t (907,184mt) of scrap metal a year, including 160,000t of non-ferrous metals. Seventeen of Lyrsa’s recycling centers are located in Spain with the one more in Portugal.

 

The transaction involves Derichebourg Environnement taking 100pc of capital in Lyrsa, Archamesa, and Redisa from its majority shareholder Layro, as well as minority shareholders.

 

Lyrsa operates three shredders—one of which has been with Derichebourg Environnement for 27 years—a shredder metal sorting center, a lead refinery, and an aluminum refinery. 

 

According to Derichebourg Environnement’s 2018-19 fiscal year data, released earlier this month, the company generated €2.7bn in revenue, 7.4pc below the revenue generated last year. The company’s recurring EBITDA totaled €191.2mn, down 5.4pc from €202.1mn the previous year. The company attributes the declines to the Sino-US trade war, which includes 25pc US-imposed tariffs on steel imports and 10pc on aluminum.

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