# Harsco acquires ALTEK Group for £45 million

Harsco Corporation acquired ALTEK Group, a UK-based manufacturer of products for aluminum producers and recyclers, for a purchase price of £45 million (approximately $60 million) on a debt and cash free basis, plus additional contingent consideration.

- Type: Acquisition
- Announced: 2018-05-29
- Where: United Kingdom
- Value: $60.0M (45.0M GBP)
- Status: completed
- Products: aluminum dross and scrap processing systems, AluSalt salt slag processing technology
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Harsco](https://endata.com/companies/3292.md) (acquirer)
- [altek GmbH](https://endata.com/companies/6806.md) (target)

## Sources

- [investors.enviri.com](https://investors.enviri.com/news-releases/news-release-details/harsco-acquires-altek-leading-supplier-innovative-environmental/), 2018-05-29: "Harsco Corporation announced today the acquisition of ALTEK Group U.K. -based manufacturer of market leading products that enable aluminum producers and recyclers to manage and efficiently extract value from critical waste streams."
- [globenewswire.com](https://www.globenewswire.com/news-release/2018/05/29/1513472/0/en/harsco-acquires-altek-a-leading-supplier-of-innovative-environmental-and-technology-products-to-the-global-aluminum-industry.html), 2018-05-29: "Harsco Corporation announced today the acquisition of ALTEK Group, a U.K.-based manufacturer of market leading products that enable aluminum producers and recyclers to manage and efficiently extract value from critical waste streams."

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