About Us

History

Traxys was formed in 2003 with the merger of two well-known forces in the metals marketing industry: Sogem and Considar. This merger combined the service, product, and geographical strengths of both companies.

With its roots dating back to 1919, Sogem was previously owned by Umicore and served as a marketing, distribution, and trading group involved mainly in base metals and concentrates. Sogem primarily focused on serving Europe, Africa and Asia.

As a division of Arcelor, Considar specialized in serving the steel industry through the sourcing of ferro-alloys and other specialty metals and focused primarily on the North American market. In 1997, Considar acquired the majority of Hochschild Partners LLC and its significant zinc and lead activity.

In 2006, both Arcelor and Umicore sold a majority stake in Traxys to the management of Traxys in a buyout sponsored by two pre-eminent private equity firms: Pegasus Capital Advisors and Kelso & Company. Subsequently, Resource Capital Funds became a shareholder.

In July 2014, global alternative asset manager The Carlyle Group (NASDAQ: CG), together with affiliates of Louis M. Bacon, the founder, Chairman, Chief Executive Officer and principal investment manager of Moore Capital Management, L.P., acquired a majority interest in Traxys from Pegasus, Kelso and RCF.  As part of the transaction, Traxys management increased its investment stake in the company.

Traxys has become a global leader in financing, marketing, distribution and financial services for the mining, metals and minerals industries. With more than 20 global locations, Traxys continues to add offices, create partner networks, and is aggressively focusing on business development and investment in and with its customers.

1919 Sogem founded
1974 Continental Metals founded
1986 Considar founded when Continental Metals is sold to Arbed
1999 Hochschild Partners is merged with Considar
2003 Traxys formed with the merger of Considar and Sogem
2006 Pegasus, Kelso and Traxys Management become shareholder partners
2007 Resource Capital Funds becomes a shareholder partner
Minority interest of Umicore acquired
2008 Minority interest of ArcelorMittal acquired
2010 Molycorp IPO
2011 GAM investment
2014 The Carlyle Group and affiliates of Louis M. Bacon acquire majority interest from Pegasus, Kelso and RCF
2015 Traxys acquires Metmar Limited in South Africa

 

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