German waste management group Alba announced signing the notarised purchase contract to acquire 99 per cent of Spanish paper recycling and trading company Reciclajes Dolaf, S.L. last Thursday. The transfer of ownership took effect immediately. The remaining shares will stay in the possession of the company’s former owners, the Donoso Lafuente family, Alba said. Reciclajes Dolaf operates in Madrid and Valencia with its main focus on the transportation, sorting and trading of recovered paper and board. In total, the company is described as having a trading volume of about 100,000 tonnes of recovered paper and board a year. "By entering the Spanish market, we are strengthening our position as raw materials suppliers in Southern Europe,” said Axel Schweitzer, CEO of Alba Group. "The Valencia location also gives us access to Spain’s largest deep-sea port.” Mr Schweitzer added that operations in Spain will be expanded to cover additional material streams. To reflect the new company’s integration into the Alba Group, the name has been changed with immediate effect to "Alba Servicios Verdes, S.L.” Alba will take over the entire existing workforce of just under 80 employees at the Madrid and Valencia locations.
Alba Group enters Spanish recovered paper market
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