Scholz Holding Aims to Strengthen its Capital Base

German Scholz Holding GmbH has initiated a structured investor process, in the context of which it is intended to strengthen the equity basis of the company. Strategic partners as well as financial investors with an interest in the sector from Germany and abroad are being addressed.

As reported, this step was prepared during the course of the summer and concludes the successful restructuring process of the Group. The international recycling Group has retained KPMG as its financial advisor. The investor process is aimed at obtaining a positive outcome in the next few months. Since 2013, the Scholz Group has been the subject of a restructuring and realignment process. Significant elements of the process have been completed and the overall process has reached an advanced stage. The business has successfully disposed of non-strategic activities, as well as substantially reducing costs and simplifying structures. Already today, the Scholz Group has become considerably more efficient and effective. Furthermore, the business has identified a number of promising growth areas. Toyota Tsusho Corp. (TTC), which has held a 39.9 percent share in Scholz Holding GmbH since mid-2014, informed the co-shareholder, the Scholz family (60.1 percent shareholding), that – whilst not participating in the capital measures – it has no reservations about the entry of new investors in the business. This decision has no effect on the ongoing operational business of the Scholz Group.