BEFESA was acquired by Triton Fund IV in July 2013
Befesa is a European market leader in niche industrial services. It specialises in hazardous work handling and recycling services of steel dust and salt slags for the secondary steel and aluminium industry. The Company also provides aluminium recycling services.
Triton acquired Befesa from Abengoa, the Spanish industrial conglomerate, in July 2013. Triton had monitored Befesa through its Sectors, Stars & Superstars deal origination program since 2005.
Befesa has steel dust, salt slag recycling and aluminium recycling plants, and industrial waste management facilities in ten countries. Its recycling plants are located in Germany, Spain, Sweden, France, the UK, Turkey and South Korea. The Company provides its services on a global basis. Befesa's headquarters are in Luxembourg.
Due to Befesa's established market positions and extensive know-how the Company can strengthen its leading market position. Further EU regulation stipulates that recycling hazardous waste is mandatory when it is deemed an economically viable alternative to landfilling. Befesa has a global and diversified blue-chip client base, many of which have been clients for over 15 years.
Triton plans to support Befesa by leveraging the Company's leading market positions, operational expertise, customer relationships and scale to capitalise on growth opportunities across the globe.
Key events since Triton's investment
- Invested €30 million in a new aluminium recycling plant in Bernburg, Germany
- Acquired a majority of Hankook R&M in Korea and doubled its capacity for recycling steel dust by investing a further €25 million
- Completed the acquisition of Grupo SOLARCA and integrated it in its industrial waste division
- Made a stock market debut on 3rd November, 2017