SWITZERLAND - Astorg acquires Metalor
Astorg Partners has agreed to acquire a majority stake in metals refiner Metalor Technologies International from a group of Swiss private investors.
Founded in 1852 and headquartered in Neuchâtel, MTI is a refiner of gold and precious metals and advanced materials. The company employs approximately 1,300 people from more than 10 different nationalities and operates seven production facilities worldwide.
In 2008, the group generated net sales of CHF 322m and a consolidated EBITDA of CHF 74.6m
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