PR94609

GREVENBROICH, Germany, Feb. 21, 2022 /PRNewswire=KYODO JBN/ --

-- Speira customers will benefit from more high-quality products with a low

carbon footprint

-- As part of Speira, Real Alloy Europe will continue to provide significant

third-party recycling services to the European aluminium industry

Speira today announced that it has signed a definitive agreement to acquire the

European business ("Real Alloy Europe") of Real Alloy. Completion of the

transaction is subject to customary closing conditions and approvals.

Real Alloy Europe is a leading European recycler of aluminium and magnesium

scrap and related byproducts, with seven facilities and approximately 600

employees across Germany, Norway, France and the United Kingdom. The

acquisition will enhance Speira's ability to utilize recycled metal in its

production and deliver high-quality, low carbon rolled aluminium products to

its customers.

Speira CEO Einar Glomnes said, "The integration of Real Alloy Europe into

Speira will accelerate our strategy of creating closed loops from scrap to

final product and back. We look forward to investing further in Speira's and

Real Alloy Europe's combined capabilities to meet the market's demand for

sustainable and circular solutions."

"Following the acquisition, Speira will continue to focus on delivering

third-party recycling services to existing and new customers of Real Alloy

Europe. We will be serving the whole European aluminium industry, working

closely with customers across the value chain," said Glomnes.

About Speira

Speira is a leading aluminium rolling and recycling company, producing

approximately one million tonnes per year of aluminium rolled products. Speira

operates seven manufacturing facilities and an R&D center across Germany and

Norway, including its joint venture Alunorf, the world's largest aluminium

rolling mill, and Grevenbroich, the world's largest rolled aluminium finishing

mill. Speira has approximately 5,000 employees. Speira is proud to serve some

of the most well-known companies in the global automotive, packaging, printing,

engineering, building and construction industries. Speira is headquartered in

Grevenbroich, Germany. For more information about Speira, please visit

www.speira.com.

About Real Alloy Europe

Real Alloy Europe is a leading recycler of aluminium and magnesium scrap and

related byproducts, providing metal and conversion capacity for industries

including automotive, construction, aerospace and packaging. Real Alloy Europe

has seven facilities located in Germany (Grevenbroich, Töging and Deizisau),

Norway (Eidsvåg and Raudsand), France (Les Islettes) and the United Kingdom

(Swansea), and approximately 600 employees. Real Alloy Europe is headquartered

in Grevenbroich, Germany. For more information about Real Alloy Europe, please

visit www.realalloy.com/eu.

SOURCE: Speira

CONTACT: Moritz Hansen, Speira Head of Communication & Marketing, M: +49 (0)

173 102 40 97, T: + 49 (0) 2181 66 2054, E: moritz.hansen@speira.com