OAKLAND, California, February 23, 2024 – Red Fox Resources is pleased to announce that Hensel Recycling Group, a global leader in the precious metals recycling industry, has acquired Red Fox Resources.
This strategic acquisition brings immediate benefits to Red Fox Resources and its customers across North America, tapping into Hensel’s expertise in precious metals management, processing, technical skills, and vast industry connections.
Hensel intends to support Red Fox Resources to continue what we do best, procuring and processing precious metals from the heavy-duty vehicle and industrial markets. Under the Hensel ownership, it will be business as usual at Red Fox Resources, ensuring continuity for all customers, suppliers, and partners. Additionally, the customer-facing Red Fox management team will remain unchanged.
Red Fox will retain its headquarters in Oakland, California, and will soon open a new location in West Berlin, NJ. Having locations on both coasts will increase recycling capacity while offering customers faster service and lower shipping costs.
“From a cultural and commercial perspective, we cannot think of a better partner than Hensel. We look forward to expanding our capabilities and customer reach with an East Coast location while taking advantage of Hensel’s highly regarded commercial and technical experience in the precious metals recycling industry,” said Brad Edgar, CEO of Red Fox Resources.
“The partnership with Red Fox Resources will expand our North American footprint to include a geographical presence in California and the West Coast. Red Fox’s focus on the heavy-duty vehicle and industrial markets will provide new streams of material for us to process. Red Fox has been a reliable and valued supplier over the years, and we look forward to integrating them into our business,” said Andreas Friesen, CEO of Hensel Recycling North America, Inc.
“We welcome the Red Fox team to the Hensel Recycling Group family. Both companies share the same core values and passion for recycling, and we look forward to a successful future,” said Thomas Hensel, Chairman of Hensel Recycling Group.
About Red Fox Resources
Founded in 2013 and based in Oakland, California, Red Fox Resources recycles emission control catalyst material from heavy-duty vehicles and industrial sources, including diesel particulate filters (DPFs), diesel oxidation catalysts (DOCs), and three-way catalysts (TWC). Red Fox procures and processes components and materials from a wide range of businesses and public agencies across North America.
About Hensel Recycling
The Hensel Recycling Group, headquartered in Aschaffenburg, Germany, has been one of the leading international companies in precious metal recycling since 1998. With more than 240 employees in nine countries, the group offers its customers a complete range of services for the recycling of materials containing precious metals, such as automotive and industrial catalytic converters, oxygen sensors, e-scrap, and critical raw materials from the hydrogen economy. Further information can be found at www.hensel-recycling.com.
About Hensel Recycling North America
Founded in 2009, Hensel Recycling North America is the United States subsidiary of the Hensel Recycling Group. Located in West Berlin, New Jersey, the company has world-class milling, sampling, and blending capabilities and can process various precious metal-bearing materials, including ceramics, metal foils, oxygen sensors, and e-waste. It receives material from customers throughout the Americas and has a global network of smelting and refining partners.
For more information, visit www.redfoxresources.com or contact VP-Business Development & Operations West, Tripp Heller at tripp.heller@redfoxresources.com.
