Heraeus Advances Portfolio Strategy with Planned Sale of Remloy Recycling Business to Mkango

Heraeus Advances Portfolio Strategy with Planned Sale of Remloy Recycling Business to Mkango

(IN BRIEF) Heraeus Group has signed an asset purchase agreement to sell Heraeus Remloy, its rare earth magnets recycling business based in Bitterfeld, Germany, to Mkango Resources Ltd. The transaction supports Heraeus’ strategic portfolio development across its core business areas and is expected to close in summer 2026, pending customary closing conditions and regulatory approvals. Heraeus Remloy recycles end-of-life rare earth magnets through a melting-based medium loop recycling process, producing neodymium-iron-boron alloy powders that can be used to manufacture new permanent magnets. Mkango said the acquisition will strengthen its strategy to become a leading producer of recycled rare earth magnets, alloys and oxides, while complementing its HyProMag business in Pforzheim. The deal also supports wider efforts to build a more sustainable and reliable rare earth supply chain in Europe, particularly as demand grows for permanent magnets used in electric mobility, renewable energy, electronics and other advanced industries.

(PRESS RELEASE) HANAU, 21-May-2026 — /EuropaWire/ — Heraeus Group has signed an asset purchase agreement to sell Heraeus Remloy, its rare earth magnets recycling business, to Canada-based Mkango Resources Ltd., marking another step in the company’s ongoing strategic portfolio development.

The transaction involves Heraeus Remloy, an in-house startup based in Bitterfeld, Saxony-Anhalt, Germany. The business focuses on recycling end-of-life rare earth magnets and producing neodymium-iron-boron alloy powders that can be used by customers to manufacture new permanent magnets.

Mkango Resources is a mineral exploration and development company focused on rare earth elements and associated minerals. The company is listed on AIM in London and the TSX Venture Exchange in Canada. Through the planned acquisition, Mkango aims to strengthen its position in the rare earth recycling and magnet manufacturing value chain in Europe.

The sale supports Heraeus Group’s broader portfolio strategy across its four main business areas: Precious Metals, Healthcare, Semiconductor & Electronics, and Industrials. The transaction is expected to close in summer 2026, subject to customary closing conditions and required regulatory approvals.

Heraeus Remloy provides full-service solutions designed to support a more sustainable and reliable source of neodymium-iron-boron magnetic materials in Europe. Its process recycles end-of-life rare earth magnets through a melting-based method known as medium loop recycling. The resulting NdFeB alloy powders can then be used in the production of new permanent magnets, supporting more circular material flows in the rare earth supply chain.

Frank Stietz, CEO and Chairman of the Board of Managing Directors of Heraeus Group, said the sale of Heraeus Remloy is a logical move within the group’s strategic portfolio optimization. He noted that the Remloy team has built a strong technological foundation in recent years through dedication and entrepreneurial initiative, and said Mkango is well positioned to support the future growth of the business.

William Dawes, Chief Executive of Mkango, said the acquisition supports the company’s strategy to become a market leader in recycled rare earth magnets, alloys and oxides. He added that Heraeus Remloy’s technology complements Mkango’s HyProMag business in Pforzheim, Germany, and will significantly expand the company’s production capabilities in the country.

Dawes also said Mkango looks forward to working with the Remloy team and stakeholders to further develop Germany’s rare earth recycling ecosystem and strengthen the supply chain for magnet manufacturing.

The agreement comes at a time when rare earth materials are increasingly important for industries including renewable energy, electric mobility, electronics, automation and defence. By combining Remloy’s recycling technology with Mkango’s existing activities in Germany, the transaction is expected to support the development of a more resilient European rare earth materials supply chain.

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SOURCE: Heraeus Group