On course for international expansion
3. April 2020
Münzer Bioindustrie has acquired Dutch based Rotie UCO Trade B.V. in Amsterdam. The East Styrian company has therefore become the largest collector and distributor of waste oils and fats in Europe. A particular advantage provided by this acquisition is the location and the infrastructure at the port of Amsterdam, which gives broad access to a full range of strategic logistics options. Münzer Bioindustrie has ten sites around the world and generated a turnover of over € 260m in 2019, with some 250 employees.
Münzer becomes the largest collector and distributor of waste oils and fats in Europe
“Even if we have to master very extraordinary challenges in this very difficult time for us, one year after the opening of our biodiesel plant in Mumbai, India, we were able to take another important step on our expansion course. Today’s takeover is building a bridge in our growth and internationalization strategy. We are the largest collector and dealer of waste oils and fats in Europe and are thus further expanding our global market position, ”said Michael Münzer, CEO of Münzer Bioindustrie GmbH after the final signing of the purchase contract.
The family business Münzer Bioindustrie GmbH has taken over Dutch Rotie UCO Trade B.V.. Rotie, based in Amsterdam, looks back on more than 65 years of company history in the field of waste-based raw material collection and the production of alternative biofuels. “We are therefore very proud to be able to integrate the trading arm of this traditional company into our company. The parties have agreed not to disclose the purchase price. However, our total investment is in the low double-digit million range, ”said CFO Gregor Reindl. The takeover means that the company will be fully integrated into Münzer Bioindustrie GmbH and will in future be known as Münzer Trading B.V. operate.
“We are a family business. Our employees are part of our family, so it was self-evident to keep all employees and the company headquarters in Amsterdam. Above all, the location and the infrastructure at the port of Amsterdam offer us completely new opportunities. That makes us even more stable and flexible in our raw material supply for the future, ”says Michael Münzer.
The innovations from the Renewable Energy Directive II (RED II) of the European Union have made waste-based raw materials for energy production even more important for achieving the Paris climate goals. “This takeover is an important contribution to securing our raw material supply and thus also increases the security of supply with alternative and waste-based biofuels,” said Gregor Reindl in conclusion.
About Münzer Bioindustrie GmbH
Münzer Bioindustrie GmbH is owned by the brothers Michael and Ewald-Marco Münzer. The conglomerate, headquartered in Styria, has ten locations worldwide and, with around 250 employees, generated sales of more than EUR 260 million in the past financial year.
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