Hensel Recycling Acquired Californian Red Fox Resources
Hensel Recycling, a company in precious metals recycling headquartered in Germany, has completed acquiring California-based precious metals recycler Red Fox Resources.
According to the German company, the partnership will strengthen Hensel Recycling’s position in the USA and North American markets. “We welcome the Red Fox team to the Hensel Recycling Group family. Both companies share the same core values and passion for recycling, and we look forward to a successful future,” Thomas Hensel, Chairman of Hensel Recycling Group, was quoted. Red Fox Resources is a specialist focused on recycling diesel particulate filters and emission control catalysts found in mobile, stationary, and industrial applications. “The company has deep technical and commercial experience in catalyst design and application, positioning it to buy material directly, or to help customers recycle their precious metal bearing materials.”
Hensel Recycling has been active in the North American market for almost 15 years and has established itself as one of the leading providers in the recycling of materials containing precious metals. “Originally specializing in the recycling of metal foil converters, the company has continuously expanded its material portfolio in recent years. The East Coast facility in West Berlin, NJ is one of the largest branches of the Hensel Recycling Group with more than 30 employees.”
Red Fox Resources is also pleased. “This strategic acquisition brings immediate benefits to Red Fox Resources and its customers across North America, tapping into Hensel’s expertise in precious metals management, processing, technical skills, and vast industry connections,” the American company pointed out. “Hensel intends to support Red Fox Resources to continue what we do best, procuring and processing precious metals from the heavy-duty vehicle and industrial markets. Under the Hensel ownership, it will be business as usual at Red Fox Resources, ensuring continuity for all customers, suppliers, and partners. Additionally, the customer-facing Red Fox management team will remain unchanged.”
As underlined by the new owner, the additional recycling capacity of Red Fox Resources will allow Hensel Recycling to better serve the American market. “The newly acquired location on the West Coast also enables optimization of logistics processes, resulting in more flexible and faster service to customers and lower shipping costs. This will not only help Hensel Recycling to become more competitive but will also reduce its carbon footprint by reducing long transportation routes.” The strong partnership would perfectly combine the resources and strengths of both companies to enhance procurement services, analytical methods, processing capabilities and smelter relationships.
hensel-recycling.com/en/, redfoxresources.com
(Published in GLOBAL RECYCLING Magazine 1/2024, Page 18, Photo: Hensel Recycling)
