Commonwealth Mint snapped up by Germany’s oldest gold and silver refinery

Commonwealth Mint

The Commonwealth Mint, the UK’s largest private mint which has its headquarters in Bristol, has been bought by Heimerle + Meule Group, Germany’s oldest gold and silver refinery.

The Commonwealth Mint will become part of the Heimerle + Meule Group, which represents the Precious Metals Processing division of the Possehl Group.

Thomas Frey, CEO of the Heimerle + Meule Group, said: “We are delighted to welcome The Commonwealth Mint to the Heimerle + Meule Group. The investment is for us a perfect fit and allows us to further expand our value chain within the processing of precious metal, providing our customers a full set of products and services, from recycling of scrap material through to finished coins and medals. We are looking forward to the exciting growth opportunities The Commonwealth Mint brings to our organisation.”

The Commonwealth Mint, the UK’s largest private mint, specializes in the minting of precious metal and base metal commemorative coins for collectors, together with the production of currency coins. It operates from an advanced minting facility in Birmingham’s Jewellery-Quarter and services customers across Europe, North America, Australasia and Asia.

James Hughes and Jonathan Deane will continue as joint managing directors and shareholders of the business. The senior management team will also remain in place.

 James Hughes said: “We are proud of what Commonwealth Mint’s team have achieved since our foundation in 2005. Joining Heimerle + Meule Group will strengthen our position as a leading international mint and it gives us access to a wide range of resources, expertise and investment that will benefit our business and customers. It was also essential that any future partner is the correct fit and has an ethical business approach which the Possehl group certainly does.”

Jonathan Deane added: “We are truly excited about the scope that the investment and partnership with Heimerle + Meule will afford us; from the growth opportunities in the precious metal coin sector to the research and development to further improve our products and service, which will help us to maintain our position as market leaders.”

With its investment in The Commonwealth Mint Heimerle + Meule Group will strengthen its already strong foothold in the British precious metal market.