Merger into REKS joint venture concluded

With the 50/50 joint venture, K+S and REMEX, a subsidiary of the REMONDIS Group, aim at tapping into the attractive and strongly growing European market for the recovery and disposal of waste as well as the implementation of sustainable waste management solutions.

On December 1, the German Federal Cartel Office approved the merger to form the new REKS joint venture.

Managing Directors of the new REKS joint venture will be Dr. Martin Brown, formerly Head of Supply Chain Management at K+S and Managing Director of K+S Transport GmbH, and Torsten Zuber, authorized signatory of REMEX and Head of Sales Inorganic Hazardous Waste at REMEX GmbH. The joint venture will be headquartered in Düsseldorf, with an additional administrative location in Kassel.

About REMEX

REMEX GmbH specializes in the professional management of mineral waste and the recovery of resources contained therein. The company, headquartered in Düsseldorf, is active in both Europe and Asia. The business operations of REMEX GmbH as well as its more than 30 subsidiaries and associated companies comprise all areas in the management of mineral materials - from logistics and processing to subsequent recycling or disposal. The focus is on the production and supply of substitute construction materials and recycling metals, land remediation, soil treatment, mine backfilling and landfill management. REMEX's recycling activities have been proven to reduce the consumption of gravel, sand, and natural stone and improve the carbon footprint of metal production. The company is an international leader in the development of pioneering recycling technologies and is one of the largest producers of substitute construction materials in Europe. With more than 800 employees, REMEX generates revenues of around 650 million euros. The company belongs to the globally active REMONDIS Group. Further information is available at www.remex.de.