Italian steel and engineering company Danieli & C Officine Meccaniche S.p.A. has completed the strategic share buy-out of UK-based Lynxs Shredder (Project Design) Limited and Lynxs Shredder Technology Limited through its major UK subsidiary Danieli Davy Distington Limited. The new brand name will be Danieli Lynxs.
With annual revenues in excess of €2.5 billion, Danieli is one of the world’s largest privately controlled integrated engineering and manufacturing groups. Emanuele Brusini, Vice President, Steel Making and Craig Rose, Executive Product Manager says "The Lynxs product line and business units will be merged into the Danieli Centro Recycling division. In the past year Danieli has secured significant turnkey projects for scrap shredding facilities in our traditional steel making markets. This acquisition will accelerate our involvement in the recycling sector and bring Danieli greater access to the worldwide scrap processing industry where Lynxs has achieved notable success". Former owner of Lynxs, Tim Christian, will adopt a prominent long-term role in the new group with all Lynxs operations and existing staff moving to the Danieli site in Sheffield, UK during early 2011.
Tim says: "I am personally very pleased to be joining such an energetic and innovative group. This move will enable the design expertise and experience of Lynxs’ to be incorporated in to a much wider range of engineered applications. The integration of our know how within the diverse and impressive product range of Danieli has already started and I can already see significant technical developments on the horizon that will transform the way ferrous and non ferrous materials will be recycled in the future".