Lafayette Mittelstand Capital has acquired 100% of the PPM site in Osterwieck from a subsidiary of the Recylex Group as part of a carve-out transaction. The company, now operating under the name PPM Reinstmetalle Osterwieck GmbH, is considered the world's leading supplier of high-purity arsenic and specialized by-products.
The acquisition secures around 30 jobs at a state-of-the-art production site in Saxony-Anhalt. From there, leading global manufacturers in the EU, China, Japan, and the US are supplied, particularly in the promising sectors of electronics, photovoltaics, and semiconductors.
Together with the management, Lafayette Mittelstand Capital has developed a dedicated turnaround and growth plan. The aim is to make optimal use of PPM's specific metallurgical processing expertise and to consistently expand its market presence in electronics and chemical-related industries.
