Acquisition of Hringras
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July 2015 – Acquisition of Hringras
About the deal
In 2015 Bryan, Garnier & Co was selected exclusive advisor to Geothermal Metal Recycling on the acquisition of Hringras, Icelands oldest and largest recycling company.
The transaction will enhance the growth of GMR´s business in international markets.
Deal team
Adalsteinn Johannsson | Partner | Reykjavik | Investment Banking | ajohannsson@bryangarnier.com
About GMR
GMR runs a state of the art steel recycling plant in Iceland, selling top grade steel products to the aluminum industry worldwide. The acquisition of Hringrás paves the way for a rapid growth of GMR´s business in international markets.
About Hringrás
Hringrás is Iceland´s oldest and largest recycling company.