The Competition Commission has approved the transaction.
“The Board, Management and Staff of GfE-MIR Alloys and Minerals SA (Pty) Ltd have the pleasure in announcing the successful conclusion of an agreement with the Heneken Group, whereby the Heneken Group has acquired GfE-MIR Alloys and Minerals SA (Pty) Ltd,” said Russel Symons, past Managing Director and founder of GfE-MIR Alloys and Minerals in South Africa.
The Heneken Group is a Slovakian based company founded in 2007 that has evolved from trading aluminium products and today has four different production plants supported by a global trading network.
Heneken is a supplier of non-ferrous metals, scrap, and master alloys globally
“We will undergo a name change to Heneken Alloys and Minerals SA (Pty) Ltd. Heneken Alloys and Minerals SA currently produce aluminium powders and granules, ultra-low carbon ferro manganese, metallurgical grade fluorspar briquettes, high energy briquettes, calcium aluminate slag conditioner, silicon alloys and metal oxides for ceramic and glass industries. The company also trades various ferro alloys, base metals and mineral products.”
“GfE-MIR have diversified from a trading and distribution company over the last years. Our focus today is on mining, mineral processing, ferro-alloy and metal production activities. GfE-MIR is active in these fields throughout South Africa and Southern Africa. It is for this reason that we would like to continue growing our business in this area of the manufacturing sector, adding value, exporting and exploring other opportunities currently being presented.”
About GfE-MIR Alloys and Minerals SA
The company began trading as Varomet South Africa (Pty) Ltd in February 2005 as a reliable supplier, marketer and off-taker for a wide variety of commodities distributed across every major metal market. The company underwent a name change to GfE-MIR Alloys and Minerals (Pty) Ltd in 2008.
The company is today primarily active in the metallurgical industry and is involved in the importing, exporting, processing, sale and distribution of ores, minerals, alloys, and calcium aluminate. Products are exported globally and the company currently employs 200 people.
About Heneken
Heneken is a supplier of non-ferrous metals, scrap and master alloys globally. The majority of its products are sold within Europe. It currently operates warehouses in Rotterdam in the Netherlands, Koper in Slovenia, Istanbul in Turkey, Baltimore in the USA, Brno in the Czech Republic and Senec in Slovakia.
In 2017, Heneken bought a plant in Spišské Vlachy for recycling scrap aluminium – mostly car wheel rims and used cans. This was followed in 2019 by a zinc recycling plant in Košice and in 2020 by the acquisition of Laná, a company from Žiar nad Hronom focused on the production of aluminium ropes and wires for the energy industry. In 2023 Heneken started secondary aluminium production in Izmir, Turkey.
In 2023 Heneken started secondary aluminium production in Izmir, Turkey
The Competition Commission found that the transaction is unlikely to result in substantial prevention or lessening of competition in any relevant markets. To promote a greater spread of ownership, the merged entity shall establish an Employee Share Ownership Programme (ESOP) for the benefit of qualifying workers.
The Commission further found that the proposed transaction does not raise any other public interest concerns.
“This is a natural next step in line with our strategy to supply our business partners with a broad portfolio of products of the highest possible quality. We remain committed to metallurgy. Our goal is to continue to deepen our know-how and expertise in this sector,” said Heneken’s CEO, Michal Hudoba.
“The Company is entering into exciting times and we thank all for the historic support and can ensure you of continued growth in our recycling and waste processing operations. With the support of the Heneken Group it places the company on a sound footing to focus on new opportunities and at the same time developing and improving our existing business model,” said Symons, who is staying on as MD of the company.
For further details contact Heneken Alloys and Minerals SA (Pty) Ltd on TEL: 011 740 1034
