Elemental Holding Group Announced New U.S. Acquisition

The acquisition is part of the company’s strategy to strengthen its position in the global supply chain of economically strategic raw materials.

SEATTLE (Scrap Monster): Poland-based Elemental Holding Group announced acquisition of Baltimore-based Maryland Core Inc. The acquisition is part of the company’s strategy to strengthen its position in the global supply chain of economically strategic raw materials.

This is the second investment that the Polish company has made in the ever-growing U.S. platinum group metals (PGM) recycling market. Earlier in 2019, the group had purchased a controlling stake in PGM of Texas LLC. By way of organic growth and acquisitions in Europe, Asia and North America, it has raised its PGM production volume from nearly 42,000 troy ounces to around 500,000 troy ounces over the past five years.

By integrating Maryland Core’s assets into its structure, Elemental Holding Group targets to build he largest entity dealing with sourcing and green production of precious metals, including platinum group metals and copper group metals. The company plans to make investments in latest technologies, so as to ensure a cost-effective and optimal production process, said Krzysztof Spyra, a management board member of Elemental Holding.

Elemental has operating facilities in the European Union, Turkey, the United Arab Emirates and the U.S.

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