# Mkango Resources acquires Heraeus Remloy rare earth magnet recycling business

Mkango Resources signed an asset purchase agreement to acquire Heraeus Remloy from Heraeus Amloy Technologies for €8 million ($9.4 million). Remloy operates a plant in Bitterfeld, Germany, that recycles rare earth magnets to produce NdFeB alloy powders.

- Type: Acquisition
- Announced: 2026-05-20
- Where: Bitterfeld, Germany, Germany
- Value: $9.40M (8.00M EUR)
- Status: announced
- Products: NdFeB alloy powders, recycled rare earth magnets
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Mkango Resources](https://endata.com/companies/70315.md) (acquirer)
- [Heraeus Amloy Technologies](https://endata.com/companies/92038.md) (target)

## Sources

- [morningstar.com](https://www.morningstar.com/news/accesswire/1168486msn/mkango-resources-limited-announces-agreement-with-heraeus-to-acquire-heraeus-remloy), 2026-05-20: "Mkango Resources Ltd. is pleased to announce that it has signed an asset purchase agreement with Heraeus Amloy Technologies GmbH, to acquire its Remloy rare earth magnet recycling business for €8 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.