FRANKFURT, April 3 (Xinhua) -- German technology company Heraeus announced Monday that it had acquired Swiss precious metals processor Argor-Heraeus (Argor).
The key business of Swiss-based Argor focuses on refining mined gold, recycling precious metals, and the industrial processing of bars, coins, alloys, and semi-finished products.
Heraeus has held a stake in Argor since 1986. In buying the stakes of Argor's former co-owners including Commerzbank and Munze Osterreich, the complete acquisition of the shares will enable Heraeus to fully benefit from Argor's expertise and processing capacity for gold and silver, said Heraeus CEO Jan Rinnert.
"Argor is the ideal match for Heraeus' existing precious metals business which has largely focused on platinum group metals," he added.
Heraeus is a leading international family-owned company formed in 1851, whose portfolio ranges from components to coordinated material systems which are used in a wide variety of industries.
