Prinzhorn Group's Hamburger Recycling has signed a contract covering the takeover of the Italian recycling company Eurocart, together with its affiliated company Berica Recuperi. The recovered paper specialist located in Vicenza operates with three logistic centers, 130 employees and has the capacity to collect and process 239,000 tons of paper for recycling and other secondary raw materials annually.
Eurocart will continue operations under its current name. The transaction is subject to merger clearance and approval by the relevant authorities. The latest acquisition will raise Hamburger Recycling's recovered paper capacity to 2.1 million tons a year, with 39 locations in 13 countries.
Hamburger Recycling Group collects and trades secondary raw materials for international paper and recycling industry.