Law Firm Advises Sims Metal Management Limited
Eversheds has advised Sims Metal Management Limited on the agreed €83.5m sale of its European compliance scheme orientated recycling operations to German-based TSR Recycling, a subsidiary of REMONDIS Group.
Sims Metal Management Limited is a global environmental services conglomerate, operating through a number of divisions, with a focus on: Ferrous and Non-ferrous metal recycling, enterprise data destruction and cloud asset management post-consumer electronic goods recycling and reuse, municipal waste recycling, gas to energy, and waste to energy.
Founded in 1917, its primary operations are located in the United States, Australia and the United Kingdom.
Environmental services refer to qualitative functions of natural non—produced assets of land, water and air and their biota.
The operations that have been sold are located in Germany, Austria, the Netherlands, Belgium and Sweden. The deal, which is subject to competition approval by the European Commission, includes the sale of Sims’ waste electrical and electronic equipment treatment facilities in Sweden, Norway, Belgium and the Netherlands.
The sale does not include Sims’ global e-recycling IT asset disposal business.
Eversheds was led by corporate Partner James Trevis with Principal Associate Anthony Cross and Senior Associate Thomas Plant.
The wider team included Partners Peter Harper, Simon Weppner, David Beswick, Jane Southworth and Tom van Wijngaarden, Consultant Stephen Rose, Principal Associates Evy Verhaeghe, Claire Morgan, Anique Bitterlich and Marieke Koster, as well as senior associates.