LEFORT has acquired 100% of the capital of COPEX S.A.

COPEX, created in 1948, specializes in the design and manufacture of hydraulic shear

s & balers for the treatment of scrap metal, metals, and solid waste. COPEX exports its products worldwide and meets specific and varied industrial needs such as nuclear dismantling, baling of agricultural plant fibers, or packaging of waste from wastewater. Sharing a rich heritage, a solid reputation for quality and service, and similar values around excellence, passion

and innovation, the resulting Group will be ideally placed to provide even more comprehensive services and solutions to its customers.

COPEX's skills and production capacity will provide LEFORT with the opportunity to increase its activity and strengthen its local and international presence. Alexandre Henkens, CEO of LEFORT: “I warmly welcome COPEX and all its talented employees. This operation is an important step for LEFORT and enhances an invaluable heritage of knowledge and experien ce in the recycling industry. I am certain that we will benefit from this contribution”.

Frédéric Malin, majority shareholder and CEO of COPEX: “Since I took the helm of the company in 1998, I have devoted all my energy and passion to it. Today, by deciding to associate the destiny of my company with that of LEFORT, I see it as a tremendous ou tcome. Moreover, knowing the Lefort family since my beginnings in the industry , I had appreciated the technical solutions offered by their company as well as their working methods based on honesty, respect, and integrity; fundamental values that have alway s guided me in my life. I can therefore pass the torch to them serenely”.

COPEX will continue its operations from its industrial site in Caudan, under its own brand. Fawaz Ezzat takes over the general management of COPEX with immediate effect. Since 2016, he held the position of Managing Director of LEFORT France. After the operation, the combined Group will be approximately 300 people strong and will generate a turnover of €110+m.

About LEFORT - Founded in 1947 in Belgium by Nestor Lefort and still 100% family owned to this day, LEFORT has become one of the world's leading manufacturers of high quality metal recycling equipment. Industrial excellence is its key strategy: it is illustrated by total control of the development of its products and the manufacturing process.

LEFORT machines are distributed and maintained throughout the world by its own subsidiaries and its network of official dealers.