KPS Capital-backed Speira to acquire Real Alloy Europe from Real Alloy.

KPS Capital-backed Speira, an aluminium rolling and recycling company, agreed to acquire Real Alloy Europe, a recycler of aluminium and magnesium scrap and related byproducts, from Real Alloy, an aluminum recycler and specification alloy producer. Financial terms are not disclosed. "The integration of Real Alloy Europe into Speira will accelerate our strategy of creating closed loops from scrap to final product and back. We look forward to investing further in Speira's and Real Alloy Europe's combined capabilities to meet the market's demand for sustainable and circular solutions. Following the acquisition, Speira will continue to focus on delivering third-party recycling services to existing and new customers of Real Alloy Europe. We will be serving the whole European aluminium industry, working closely with customers across the value chain," Einar Glomnes, Speira CEO.