Acquisitions · Precious metals refining
Asahi Holdings buys Florida precious-metals refiner Republic Metals' assets for $25.5 million
- Buyer
- Asahi Holdings (Tokyo)
- Target
- Republic Metals Corp. (assets), Miami area, Florida
- Value
- $25.5M (about ¥2.8B)
- Status
- Announced on February 1, 2019. The assets were bought out of Chapter 11 bankruptcy through a court-approved sale in 2019.
- Date
- 2019-02-01
Asahi Holdings agreed to buy the assets of Republic Metals Corp., a precious-metals refiner in the Miami area, for $25.5 million. Republic Metals had filed for Chapter 11 bankruptcy protection, and the purchase was made through the bankruptcy process.
Why it matters
Buying assets out of bankruptcy let Asahi Holdings, a precious-metals recycler, add US refining capacity at a modest price.
Sources
Kakehashi M&A News home
