# Kaatsch to acquire 51% stake in Prometall

Scholz subsidiary Kaatsch plans to acquire 51% of the shares of Prometall GmbH in Fellbach, Germany. The application is being reviewed by the Federal Cartel Office.

- Type: Acquisition
- Announced: 2022-08-05
- Where: Fellbach, Germany, Germany
- Status: announced
- Products: scrap recycling, metal trading
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Kaatsch](https://endata.com/companies/64612.md) (acquirer)
- [Prometall](https://endata.com/companies/64613.md) (target)
- [Scholz Group](https://endata.com/companies/64614.md) (partner)

## Sources

- [euwid-recycling.de](https://www.euwid-recycling.de/news/wirtschaft/schrotthaendler-kaatsch-erwirbt-mehrheit-an-prometall-090822/), 2022-08-05: "Die Scholz-Tochter Kaatsch will 51 Prozent der Geschäftsanteile der Firma Prometall aus Fellbach erwerben."

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