Elemental Holding to acquire Gorenje Surovina

Polish electronic waste recycling company Elemental Holding appears to implement its expansion plans in the Balkans, as the company has initiated talks to acquire a majority stake in Slovenian Gorenje Surovina and some of its subsidiaries, a press release reads. "The parties expect the negotiations to end by the end of the O2 2015," the release also informed.

Waste recycling company Gorenje Surovina has been operating as one of the leading entities in such markets as Slovenia, Croatia, Serbia and Bosnia.

“We consider other acquisitions – we are interested in the biggest electro-waste sector players in the region, where the EU regulations are implemented. I have in mind such countries as Romania, Bulgaria, Turkey, The Czech Republic, Slovakia and the Balkan states,” Elemental’s vice-president Jarosław Michalik said in May 2014.

Elemental Holding is a capital group specializing in the management of companies from the recycling and trade in recyclable materials sectors.