NETWORK advises Hagemann on sale to Bettels Group.

The shareholders of Hagemann Recycling GmbH (“HAGEMANN”), Wolfenbüttel, a supraregional service provider in the fields of demolition, industrial and commercial waste disposal as well as scrap and metal wholesale, have sold 100% of their shares to Hermann Bettels GmbH & Co. KG (“BETTELS GROUP”), Hildesheim.

NETWORK exclusively advised the shareholders of HAGEMANN on the preparation and execution of the transaction.

Transaction

The shareholders of HAGEMANN have sold 100% of their shares to the BETTELS GROUP. With the continuation of the company by the BETTELS GROUP, the two Hagemann brothers have found a long-term partner with experience in the industry who will continue the positive development of the company and contribute to its further growth. With the acquisition, the BETTELS GROUP plans to expand its own waste disposal activities, particularly in the area of scrap and metal wholesale. The Wolfenbüttel site will be significantly expanded, and the material flows will be increased.

Companies

HAGEMANN is a supraregional service provider in the fields of demolition, industrial and commercial waste disposal as well as scrap and metal wholesale. As an all-in-one service provider, HAGEMANN offers its customers conscientious, reliable and efficient disposal of all types of waste in the European waste catalogue. The company has a history of more than 30 years.

The owner-managed BETTELS GROUP employs 1,400 people and has a total turnover of EUR 400 million. In addition to waste management, the BETTELS GROUP is also active in concrete production, raw material extraction, infrastructure/steel construction, logistics and energy generation.