StoneX completes acquisition of JBR Recovery’s recycling and refining business, to deepen the company’s end-to-end metals offering
StoneX Group Inc. (NASDAQ: SNEX) has announced that its subsidiary, StoneX Metals , has completed the acquisition of JBR Recovery's precious metal recovery and refinery business. This strategic move deepens StoneX's metals offering by allowing ownership of a significant part of the supply chain and meeting the growing global demand for recycled silver.
JBR Recovery, one of only two UK companies accredited by the LBMA for supplying 'Good Delivery' silver to the London Bullion Market, processes materials containing silver, gold, and other platinum group metals. The acquisition expands StoneX's precious metals business to include owning and refining precious metals, enabling end-to-end management of metal trading from supply to delivery.
Michael Skinner, Global Head of Metals at StoneX, emphasized the acquisition's significance in furthering their market offering and providing clients with a full end-to-end service. Simon Meddings, Managing Director of JBR Recovery, expressed excitement about the acquisition, highlighting the potential for business growth and enhanced services to global customers.
StoneX Group Inc. (NASDAQ: SNEX) ha annunciato che la sua filiale, StoneX Metals, ha completato l'acquisizione dell'attività di recupero e raffinazione dei metalli preziosi di JBR Recovery. Questa mossa strategica approfondisce l'offerta di metalli di StoneX, consentendo il possesso di una parte significativa della catena di approvvigionamento e soddisfacendo la crescente domanda globale di argento riciclato.
JBR Recovery, una delle sole due aziende del Regno Unito accreditate dalla LBMA per fornire argento 'Good Delivery' al London Bullion Market, tratta materiali contenenti argento, oro e altri metalli del gruppo del platino. L'acquisizione espande l'attività di metalli preziosi di StoneX per includere il possesso e la raffinazione dei metalli preziosi, consentendo una gestione completa del commercio dei metalli dalla fornitura alla consegna.
Michael Skinner, Responsabile Globale dei Metalli di StoneX, ha sottolineato l'importanza dell'acquisizione nel potenziare la loro offerta di mercato e fornire ai clienti un servizio completo. Simon Meddings, Direttore Generale di JBR Recovery, ha espresso entusiasmo per l'acquisizione, evidenziando il potenziale di crescita del business e i servizi migliorati per i clienti globali.
StoneX Group Inc. (NASDAQ: SNEX) ha anunciado que su filial, StoneX Metals, ha completado la adquisición del negocio de recuperación y refinación de metales preciosos de JBR Recovery. Este movimiento estratégico profundiza la oferta de metales de StoneX al permitir la propiedad de una parte significativa de la cadena de suministro y satisfacer la creciente demanda global de plata reciclada.
JBR Recovery, una de solo dos empresas del Reino Unido acreditadas por la LBMA para suministrar plata 'Good Delivery' al London Bullion Market, procesa materiales que contienen plata, oro y otros metales del grupo del platino. La adquisición amplía el negocio de metales preciosos de StoneX para incluir la propiedad y refinación de metales preciosos, lo que permite una gestión integral del comercio de metales desde el suministro hasta la entrega.
Michael Skinner, Director Global de Metales en StoneX, enfatizó la importancia de la adquisición para mejorar su oferta en el mercado y proporcionar a los clientes un servicio completo de extremo a extremo. Simon Meddings, Director General de JBR Recovery, mostró su entusiasmo por la adquisición, destacando el potencial de crecimiento empresarial y servicios mejorados para los clientes globales.
StoneX Group Inc. (NASDAQ: SNEX)는 자회사인 StoneX Metals가 JBR Recovery의 귀금속 회수 및 정제 사업을 인수 완료했다고 발표했습니다. 이 전략적 조치는 StoneX의 금속 제공을 심화시키며, 공급망의 중요한 부분을 소유하고 재활용 은에 대한 글로벌 수요의 증가를 충족할 수 있게 합니다.
JBR Recovery는 LBMA에서 'Good Delivery' 은을 런던 금속 시장에 공급하기 위해 인증된 영국의 두 회사 중 하나로, 은, 금 및 기타 백금 그룹 금속이 포함된 자재를 처리합니다. 이 인수는 StoneX의 귀금속 사업을 확장하여 귀금속의 소유와 정제를 포함하고, 공급에서 배송까지 금속 거래를 완전하게 관리할 수 있도록 합니다.
Michael Skinner, StoneX의 메탈 글로벌 책임자는 이 인수의 중요성을 강조하며 시장의 제안을 강화하고 고객에게 종합적인 서비스를 제공한다고 밝혔습니다. JBR Recovery의 관리 이사인 Simon Meddings는 이 인수에 대한 기대감을 나타내며, 비즈니스 성장과 글로벌 고객에게 향상된 서비스 제공의 가능성을 강조했습니다.
StoneX Group Inc. (NASDAQ: SNEX) a annoncé que sa filiale, StoneX Metals, a finalisé l'acquisition de l'activité de récupération et de raffinerie de métaux précieux de JBR Recovery. Ce mouvement stratégique approfondit l'offre de métaux de StoneX en permettant la possession d'une partie significative de la chaîne d'approvisionnement et en répondant à la demande mondiale croissante de l'argent recyclé.
JBR Recovery, l'une des deux seules entreprises britanniques accréditées par la LBMA pour fournir de l'argent 'Good Delivery' au London Bullion Market, traite des matériaux contenant de l'argent, de l'or et d'autres métaux du groupe du platine. L'acquisition élargit l'activité de métaux précieux de StoneX pour inclure la possession et le raffinage de métaux précieux, permettant ainsi une gestion complète du commerce des métaux de l'approvisionnement à la livraison.
Michael Skinner, Responsable Mondial des Métaux chez StoneX, a souligné l'importance de l'acquisition pour renforcer leur offre sur le marché et fournir aux clients un service complet de bout en bout. Simon Meddings, Directeur Général de JBR Recovery, a exprimé son enthousiasme pour l'acquisition, mettant en avant le potentiel de croissance des affaires et des services améliorés pour les clients du monde entier.
StoneX Group Inc. (NASDAQ: SNEX) hat angekündigt, dass ihre Tochtergesellschaft, StoneX Metals, die Akquisition des Edelmetall-Rückgewinnungs- und Raffineriegeschäfts von JBR Recovery abgeschlossen hat. Dieser strategische Schritt vertieft das Metallangebot von StoneX, indem er den Besitz eines wesentlichen Teils der Lieferkette ermöglicht und der wachsenden globalen Nachfrage nach recyceltem Silber gerecht wird.
JBR Recovery, eines von nur zwei im Vereinigten Königreich ansässigen Unternehmen, die von der LBMA für die Lieferung von 'Good Delivery' Silber an den London Bullion Market akkreditiert sind, verarbeitet Materialien, die Silber, Gold und andere Platinmetalle enthalten. Die Akquisition erweitert das Geschäft von StoneX im Bereich Edelmetalle, um den Besitz und die Verfeinerung von Edelmetallen zu umfassen, was eine End-to-End-Verwaltung des Metallhandels vom Angebot bis zur Lieferung ermöglicht.
Michael Skinner, Global Head of Metals bei StoneX, betonte die Bedeutung der Akquisition zur Weiterentwicklung ihres Marktangebots und zur Bereitstellung eines umfassenden End-to-End-Services für die Kunden. Simon Meddings, Geschäftsführer von JBR Recovery, äußerte seine Begeisterung über die Akquisition und hob das Potenzial für Unternehmenswachstum und verbesserte Dienstleistungen für globale Kunden hervor.
- Acquisition of JBR Recovery expands StoneX's metals offering into sourcing and refining
- Enables end-to-end management of metal trading from supply to delivery
- Meets growing global demand for recycled silver
- Acquires LBMA accreditation for 'Good Delivery' silver supply
- JBR produces more than 250 tonnes of silver per annum
- None.
Insights
The acquisition of JBR Recovery's recycling and refining business by StoneX is a strategic move that significantly expands their metals offering. This vertical integration allows StoneX to control more of the supply chain, from sourcing and refining to trading and delivery. The deal is particularly noteworthy as JBR is one of only two UK companies accredited by the LBMA for 'Good Delivery' silver, producing over 250 tonnes annually.
For investors, this acquisition presents several potential benefits:
- Increased revenue streams from refining and recycling operations
- Enhanced market position in the precious metals sector
- Potential for improved margins through vertical integration
- Access to the growing market for recycled silver
However, investors should also consider the challenges of integrating a new business and the capital expenditure required. The long-term success will depend on StoneX's ability to leverage JBR's capabilities and expand its client base. Overall, this move positions StoneX more competitively in the metals market, potentially driving long-term growth and profitability.
StoneX's acquisition of JBR Recovery is a significant development in the precious metals industry. By acquiring an LBMA-accredited refiner, StoneX gains a important foothold in the physical metals market, complementing its existing trading operations. This move is particularly timely given the increasing demand for recycled metals, driven by sustainability concerns and supply chain issues.
The acquisition provides StoneX with several competitive advantages:
- Direct access to a steady supply of refined silver
- Ability to offer clients a complete suite of services from sourcing to delivery
- Enhanced credibility in the physical metals market
- Potential for developing new products and services in the recycling sector
From an industry perspective, this acquisition reflects a broader trend of consolidation and vertical integration in the metals sector. It also highlights the growing importance of recycling and sustainable sourcing in the precious metals supply chain. StoneX's expanded capabilities could potentially disrupt traditional market dynamics and influence pricing in the silver market.
- JBR Recovery Ltd (“JBR”) is one of only two UK companies accredited by the LBMA for the supply of 'Good Delivery' silver to the London Bullion Market
- Acquisition extends StoneX’s metals offering into sourcing and refining
NEW YORK, Oct. 09, 2024 (GLOBE NEWSWIRE) -- StoneX Group Inc. (“StoneX”; NASDAQ: SNEX), has today announced that one of its subsidiaries, StoneX Metals Limited, has completed its acquisition of JBR’s precious metal recovery and refinery business. The acquisition will deepen the StoneX group’s already market leading metals offering, by allowing it to own a significant part of the supply chain, as well as meet the growing global demand for recycled silver.
JBR is a processor of materials containing silver, gold and other platinum group metals (PGM). It specialises in the reuse and recycling of secondary or waste materials which it then processes and produces Good Delivery silver bars.
JBR is one of only two UK companies accredited by the LBMA for the supply of 'Good Delivery' silver to the London Bullion Market, producing more than 250 tonnes of silver per annum. The original business was founded in Birmingham’s Jewellery Quarter and has ties to the precious metal refining and recovery industry since the 18th century.
The acquisition will expand the StoneX group’s precious metals business to include the owning and refining of precious metals for the first time, enabling end-to-end management of metal trading from point of supply, production, and authentication through to the sale and delivery to the end client.
Michael Skinner, Global Head of Metals, StoneX, commented: “This acquisition marks a historic moment for the StoneX group and its metals business. The acquisition of JBR is testament to the continued commitment of StoneX in furthering our offering in this market and providing our clients with a full end-to-end service and building our metals ecosystem. We will be working closely with the JBR team to ensure we continue to build on its strong reputation and hundreds of years of service in this market.”
Simon Meddings, Managing Director, JBR Recovery, commented: “JBR has grown from strength to strength over recent years and the acquisition by the StoneX group is a momentous chapter in our history. The acquisition will aid further business growth and opportunity, enabling the offering of an enhanced service and product line to existing and new global customers. There are many synergies between both companies, and I look forward to working closely with the StoneX Metals team over the coming months. We are proud to be part of the StoneX group.”
About StoneX
StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise. The group strives to be the one trusted partner to its clients, providing its network, product and services to allow them to pursue trading opportunities, manage their market risks, make investments and improve their business performance. A Fortune 100 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ:SNEX), StoneX Group Inc. and its more than 4,400 employees serve more than 54,000 commercial, institutional, and payments clients, and more than 400,000 retail accounts, from more than 40 offices spread across five continents. Further information on the StoneX group is available at www.stonex.com.
About JBR
JBR Recovery Ltd. is a UK-based company specializing in the recovery and refining of precious metals, particularly silver. Founded in 1760, it processes secondary materials, to extract metals like silver, gold, platinum, and palladium. Located in West Bromwich, JBR is one of the few companies certified by the London Bullion Market Association (LBMA) for producing high-quality, "Good Delivery" silver bars with a minimum purity of
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