# Glencore acquires Nordenham lead smelter, plans EUR 25M investment

Glencore has acquired the insolvent lead smelter in Nordenham, Germany, and will merge it with its existing zinc smelter. Glencore plans to invest approximately EUR 25 million in environmental and safety improvements, and will retain all 300 jobs for at least three years.

- Type: Acquisition
- Announced: 2021-09-14
- Where: Nordenham, Germany, Germany
- Value: $29.5M (25.0M EUR)
- Jobs: 300
- Status: announced
- Products: lead, zinc
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Glencore](https://endata.com/companies/22952.md) (acquirer)
- [Nordenham Metall](https://endata.com/companies/57727.md) (target)

## Sources

- [business-people-magazin.de](https://www.business-people-magazin.de/newsgate/uebernahme-sichert-zukunft-der-bleihuette-29740/), 2021-09-14: "Mit dem Abschluss dieser Transaktion festigen wir unsere zukünftige Investition in den Standort Nordenham"

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