StoneX Group Inc. expands with acquisition of JBR Recovery Ltd. to strengthen its position in the precious metals market
Acquiring Company
StoneX Group
Acquired Company
JBR Recovery Ltd
New York
West MidlandsFinancial ServicesFinanceRetailBankingManufacturingMiningPrecious MetalsMineralDescription
StoneX Group Inc., a prominent financial services firm, has strategically acquired JBR Recovery Ltd., a UK-based leader in precious metal recovery and refining. This acquisition marks a strategic expansion of StoneX's metals offering, enabling the company to control a significant portion of the supply chain and meet increasing demand for recycled silver. The acquisition is expected to bolster StoneX's position in the precious metals market by incorporating JBR's expertise and capabilities into its comprehensive service offerings.
Quick answer
StoneX Group is acquiring JBR Recovery Ltd, announced October 9, 2024. StoneX Group is based in New York, New York, United States.
- How much did StoneX Group pay for JBR Recovery Ltd?
- The deal value was not disclosed.
- What does StoneX Group do?
- StoneX Group Inc is the owner of retail FX brands such as FOREX.com and City Index.
- Where are StoneX Group and JBR Recovery Ltd based?
- StoneX Group is based in New York, New York, United States. JBR Recovery Ltd is based in West Midlands, England, United Kingdom.
- Who are the decision-makers at StoneX Group?
- Fundz holds 2 contacts at StoneX Group. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired JBR Recovery Ltd?
JBR Recovery Ltd was acquired by StoneX Group, based in New York. The deal was reported on October 9, 2024. StoneX Group Inc is the owner of retail FX brands such as FOREX.com and City Index. StoneX Group is publicly traded (SNEX) and operates in Financial Services.
When did StoneX Group acquire JBR Recovery Ltd?
StoneX Group's acquisition of JBR Recovery Ltd was reported on October 9, 2024. StoneX Group Inc., a prominent financial services firm, has strategically acquired JBR Recovery Ltd., a UK-based leader in precious metal recovery and refining. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does JBR Recovery Ltd do?
JBR Recovery Ltd. is a UK-based leader in precious metal recovery and refining, with a history dating back to the 18th century. It is privately held, operating in Manufacturing, and is based in West Midlands.
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