Interseroh sells raw materials trading segment to ALBA Group / ALBA Group combines raw materials trading under one roof

The publicly quoted environmental services provider and raw materials trader INTERSEROH SE has sold the companies of its raw materials trading segment to Berlin-based parent company ALBA Group plc & Co. KG. This move has allowed both companies, which already cooperate under the umbrella of the ALBA Group, to combine their raw materials activities in a single segment of the Board of Directors. The sale will take effect with retroactive effect to October 1, 2011. 

The companies sold cover RDB plastics GmbH, INTERSEROH Holzhandel GmbH and ALBA Recycling Asia Limited – including subsidiaries INDO China B.V. and ISR Italia S.A., as well as a shareholding in all of Interseroh's wood sites, and will bring them under the management of Martin Becker-Rethmann in the Raw Materials and Trading segment of the ALBA Group. 

Dr. Axel Schweitzer, Chairman of the Board of Directors of Interseroh and CEO of the ALBA Group commented: "This move has brought us one step closer to optimising the structures and administrative processes within the ALBA Group and to standardising the workflows within our raw materials trading activities." In addition, the sale will make it easier to develop new markets for paper and plastic both in Western and Eastern Europe. Furthermore, ALBA Recycling Asia Ltd. based in Hong Kong will be increasingly used as a joint marketing platform for the south Asian Market.