Frankfurt am Main, 7 November 2013 – Degussa Goldhandel (Gold Trade) Group acquired Sharps Pixley Ltd, one of the leading bullion trading businesses based in London. The acquisition of Sharps Pixley Ltd underscores Degussa’s future ambitions to play a major role in international gold trade.
„With a total of nine locations in Germany, plus one in Switzerland and now one in London, the foundations are now laid for international growth of Degussa Group“, announced Degussa CEO Wolfgang Wrzesniok-Rossbach and Sharps Pixley CEO Ross Norman in a joint statement. „London remains the global centre for gold trading at the interbank level, yet it remains remarkably difficult for investors to source the physical metal. Our ambition is to increase both the visibility and access to this important asset class“, they added.
Sharps Pixley Ltd with origins back to 1778 is one of the world’s most traditional brands in international precious metals trading. Since its foundation the company has played a central role in the London gold market and was one of the five gold trading companies which determined the London gold fixing price twice a day.
Through its website at www.SharpsPixley.com , Sharps Pixley is today a leading online bullion information provider, giving free access to arguably the largest and fastest sources of precious metals news, research and analysis. Within the next couple of months customers will have the opportunity to purchase physical gold online as well as a location where investors can buy and sell gold directly from Company premises in London.
In the precious metals markets, quality, reputation and reliability remain key factors for success. Therefore, Degussa is pleased with the decision to keep the experienced and highly skilled team under the leadership of Sharps Pixley CEO Ross Norman.
Speaking of the acquisition, Ross Norman CEO at Sharps Pixley added „we are delighted to be joining the Degussa Group as this brings together their proven track record in successfully opening up the German bullion market to what we see as a great opportunity here in London.“
One of the first measures of the business will be the minting and casting of new gold and silver bars bearing the Sharps Pixley logo, which will arouse interest in the London market. „It is a moving moment to see the logo of one of the world’s most authentic brands in precious metals once again“, said Norman and Wrzesniok-Rossbach in their joint statement.
About Degussa Goldhandel (Gold trading)
For approximately 140 years, the brand name Degussa has been the synonym for quality and reliability in the field of precious metals. Degussa Goldhandel GmbH has been active in the precious metals market since 2011.
The head office of the company is located in Frankfurt am Main. Moreover, there are branch offices in Stuttgart, Munich (2), Frankfurt, Cologne, Hamburg, Berlin, Nuremberg and Zurich. The comprehensive portfolio of Degussa is completed with an on-line shop that is available to customers round-the-clock (24 hours a day, 7 days a week), prizes constantly adapted to the international precious metal markets, high availability and fastest processing.
Products and Services:
Apart from its precious metal bars made of gold, silver, platinum, palladium and rhodium with the popular diamond-shaped Sun / Moon logo that are acclaimed worldwide, Degussa also offers a wide range of bullion coins. Top-class experts are also available to customers in the field of numismatics for the assessment as well as sale and purchase of historical coins ranging from antiques to those of recent times.
Purchase of scrap precious metals:
Jewelry no longer being used, silverware, damaged precious metal bars and coins as well as industrially utilized precious metal products are purchased at reasonable prices and recycled.
Kontakt
Degussa Goldhandel GmbH
Julia Kramer
Kettenhofweg 29
60325 Frankfurt am Main
+49 69 860068-285
julia.kramer@degussa-goldhandel.de
http://www.degussa-goldhandel.de
Pressekontakt:
fr financial relations gmbh
Jörn Gleisner
Louisenstr. 97
61348 Bad Homburg
+49 6172 27159-0
j.gleisner@financial-relations.de
http://www.financial-relations.de
