Heraeus Precious Metals (HPM) Global Business Unit has finalized the acquisition of the Swiss precious metals processor Argor-Heraeus (Argor). Effective July 13, Argor-Heraeus will be entirely owned by Heraeus. Heraeus has added the stakes of former co-owners Commerzbank and Münze Österreich, as well as the shares of Argor’s management, to its existing 33% share.
"With the successful acquisition of Argor-Heraeus, Heraeus Precious Metals is the world's largest precious metals service provider," said Heraeus CEO Jan Rinnert. "We are pleased to offer our customers worldwide the complementary precious metal services of both companies and to continue and expand the long-standing trusting relationship with Argor-Heraeus in the new constellation."