Recycling of carbide tools

Ceratizit acquires 50 percent stake in Stadler Metalle.

From left to right: Ceratizit Board Members Thierry Wolter, Andreas Lackner and Andreas Schwenninger with Stadler owner and Managing Director Gabriele Stadler and Operations Manager Hubert Stadler.

Ceratizit acquires a 50 percent stake in Stadler Metalle GmbH & Co. KG. The company, based in Türkheim in the Unterallgäu region of Germany, specializes in the trading and processing of scrap metals.

Stadler offers a wide range of services such as the purchase, analysis, sorting and processing of secondary raw materials. A strong focus is on the recycling of carbide tools. Ceratizit is a joint venture with the Austrian Plansee Group and develops and produces carbide tools.

Plansee Group CEO Karlheinz Wex: "The demand for tungsten and cobalt is constantly increasing. These materials are indispensable for the manufacture of carbide tools. Thanks to Stadler's network and logistics expertise, we will be able to focus even more strongly on recycling tungsten carbide tools in the supply of raw materials".

The two private companies have agreed not to disclose the financial details of the transaction, which took effect on 1 March 2019. It is subject to regulatory approvals.