Elemental Holding S.A. signed an agreement to acquire Colt Recycling, LLC from Colt Refining, Inc. on June 20, 2023. The acquisition of Colt Recycling represents a continuation of strategic investment and geographic expansion for Elemental in the United States and North America region. Greg Meeks of Foley & Lardner LLP acted as legal advisor to Elemental Holding S.A.

Elemental Holding S.A. completed the acquisition of Colt Recycling, LLC from Colt Refining, Inc. on August 19, 2023, which is an estimated completion date.