Jacob Metal Group has acquired Auris Noble, a recycler of precious and strategic metals based in Akron, Ohio.
Henning ReuterThe sellers of Auris Noble, which spans four facilities, three in Akron and one in Warren, will retain minority ownership positions and continue to lead day-to-day operations. JMG is owned by Siegfried Jacob Metallwerke GmbH & Co. KG.
Although JMG has served customers in North America for many years, Auris Noble marks its first operation in the United States. The company says this move is expected to provide existing JMG and Auris Noble customers with expanded service offerings and numerous operational benefits globally.
“It was clear from the first time we met with Auris Noble that both organizations share a deep commitment to value-added recycling,” says Henning Reuter, Managing Director of JMG. “Perhaps the most important factor to us when evaluating this milestone expansion into the United States was the overlap in culture, long-standing values, and continuous innovation. We are excited to welcome Auris Noble to our family of companies.”
JMG was founded in 1953 by Mr. Siegfried Jacob and today remains under the ownership of the Jacob family, now led by the second generation, Dr. Hans-Eckhard Jacob.
“I am proud that, despite our size, we have always remained a family business, preserving the identity and independence of each member company,” says Dr. Jacob, whose company has more than 1,000 people employed across eight global locations in five countries.
Lou BrittonFounded by Lou Britton in 2011, Auris Noble has focused on developing new recycling methods for difficult-to-process and previously unrecyclable waste feeds, notably iridium and ruthenium, within its new chemical hall. With partners Patrick Deeringer, Joe Patrick III, and Joe Patrick IV, Auris Noble has grown from a one-man, at-home gold refiner to a vertically integrated recycling solutions partner,
“While our hydrometallurgical capabilities span nearly all metals, we’ve recently prioritized opportunities to develop sustainable iridium and ruthenium recycling programs,” Britton says. “With JMG’s family culture, global reach, and deep recycling expertise, they are the perfect match to accelerate our growth strategy and deliver even greater value to our customers and employees.”
Triscend Partners served as the exclusive financial advisor to Auris Noble in the transaction. Joe Patrick III praised Triscend Founder and Managing Director John Mosser in helping them complete the transaction.
John Mosser“We needed to have hands-on representation by someone who truly understood our business to appropriately tell our story,” says Joe Patrick III. “John’s knowledge of the global metal and recycling markets proved invaluable in helping us find the right partner.”
James Jolley from Smith Anderson served as lead counsel to Auris Noble, LLC. Ute Mueller of Irwin Mitchell LLP served as JMG’s strategic legal advisor. Henry Alderfer from Taft Stettinius & Hollister LLP served as US legal counsel to JMG.
Visit www.aurisnoble.com, www.jacobmetal.group, and www.triscendpartners.com.
