Degussa acquires precious metals refinery in Pforzheim, Germany
Frankfurt am Main, 13 August 2014 - Degussa Group is pleased to announce the acquisition of the Schellhorn & Roth GmbH & Co. KG precious metals refinery in Pforzheim, Germany.
With the acquisition of this well established and traditional business, Degussa now expands its activities beyond just the trading of precious metals products and into additional parts of the value added chain.
The acquisition of the company in Pforzheim, which filed for insolvency under its former owner earlier this year, strengthens Degussa in two specialist fields. Firstly, the reprocessing of scrap precious metals such as jewellery, investment metals or production waste, and secondly the production of upstream products, i.e. semi-finished parts for the jewellery industry.
“The acquisition of the refinery allows us to further complement our product and service portfolio”, explains Wolfgang Wrzesniok-Rossbach, CEO of Degussa. “The entry into the industrial processing of precious metals is the next logical step in the course of Degussa’s expansion. Incidentally, the historical Degussa also had its roots in the production and recycling of gold and silver products”, he added.
Degussa expressly thanked the administrator Alexander Saponjic who had successfully managed the company over the past few months and now hands it over to the Frankfurt based precious metals company. In the following months, Degussa will gradually modernise its new Pforzheim branch with state-of-the-art processing technology.
To date, the acquired Schellhorn & Roth refinery, which was founded in 1946, has been one of the smaller precious metals refiners in Pforzheim. Since 1984, the production has been located at the company’s current site in Pforzheim which will also be maintained after the acquisition by Degussa. Degussa will retain the employees of Schellhorn & Roth in the newly formed division of the business. The executive responsibility for the on-site production will be carried out by Mr Joachim Prior. Being the former technical manager at PRIOR Engineering Services AG, Switzerland, he contributes a comprehensive wealth of experience.
About Degussa Goldhandel (Gold trading)
Degussa as a brand is a synonym for quality and reliability in the field of precious metals. Degussa Goldhandel GmbH has been active in the precious metals market since 2011. The head office of the company is located in Frankfurt am Main. Degussa products and services are available at branch offices in Stuttgart, Munich (2), Frankfurt, Cologne, Hamburg, Berlin and Nuremberg as well as at Degussa Goldhandel AG in Zurich. The comprehensive portfolio of Degussa is completed by an online shop, available to customers 24 hours a day, 7 days a week, which offers constantly updated prices, high availability and fast processing.
Apart from its worldwide known precious metal bars made of gold, silver, platinum, palladium and rhodium with the characteristic diamond-shaped Sun / Moon logo, Degussa also offers a wide range of bullion and collector coins. Top-class experts are available to customers in the field of numismatics for the assessment as well as for sale and purchase of historical coins ranging from antiques to those of recent times. Clients have the possibility of storing their precious metals stocks at Degussa’s high-value storage facility and at certain branches Degussa offers safe-deposit lockers. Furthermore, Degussa has a “VAT-free” storage facility which is also available to its customers.
Purchase of scrap precious
Jewellery no longer being used, silverware, damaged precious metal bars and coins as well as industrially utilized precious metal products are purchased at reasonable prices and recycled.
Degussa Goldhandel GmbH
Marketing and Communication
Kettenhofweg 29, 60325 Frankfurt am Main
Phone: +49 69 860068-285
Fax: +49 69 860068-222
Mail: [email protected]
13 Aug 2014