Global law firm Dentons has advised Dr. Axel Schweitzer on the principal agreement reached in June 2021 regarding the reorganization of ALBA Group, a recycling company operating in Europe and Asia.
The owners of ALBA Group, Dr. Axel Schweitzer and Dr. Eric Schweitzer, are reorganizing the group of companies to create agile units that reflect their respective personal operational responsibilities as well as the needs of the markets in which they operate. The restructuring is subject to the approval of the German Federal Cartel Office.
In the future, Dr. Axel Schweitzer alone will hold the main Asian activities – including in particular ALBA Group Asia – as well as ALBA Services Holding (ASH) and the plastics activities of ALBA International Recycling (AIR). Together, these business units will focus on growing the company’s presence in Asia, while pursuing the global corporate vision of a “world without waste”.
In future, Dr. Eric Schweitzer alone will hold ALBA Europe Holding, which primarily operates the waste management business and important parts of the recycling business, as well as steel and metals recycling. In addition, he will hold some of the activities from the former ASH and AIR businesses.
Both businesses will continue to work closely together as part of a family alliance. The reorganization aims to help the ALBA and Interseroh brands address the increasing competition and strategic upheaval in the market for packaging licensing.
The ALBA Group operates in Germany and Europe, as well as in Asia. In 2020, it generated sales of €1.9 billion and employed a total of around 8,700 people. This makes ALBA Group one of the world’s leading recycling and environmental service providers and raw materials suppliers.
Dentons lead partners Dr. Thomas Dörmer and Dr. Tim Heitling have been advising ALBA Group for many years, particularly in the transactional area. In addition to the current matter, they previously advised the client on the entry of investors into the ASH and AIR divisions and on a joint venture for green fuel projects in Asia and Germany.
