IMAP Albia Capital advises ESNAOLA on its sale to the French Group GUYOT ENVIRONNEMENT

Guyot, a French international group with more than 40 years of history which recicles waste and works at the service of a circular economy, has acquired the company Esnaola based in Idiazabal, Guipúzcoa.  With this acquisition Guyot, which already acquired Hirumet 4 years ago, takes a new step in an increasingly concentrated market with a much more efficient production.

Erwan Guyot, President of GUYOT ENVIRONNEMENT said: “This new acquisition allows us to better serve our local customers by increasing efficiency in production. In the world of recycling and recovery, which is in a phase of significant concentration,  the integration between the Esnaola family and the Guyot family strengthens our position in the market.”

The transaction has been advised on the sale by  IMAP Albia Capital, being a clear example of international reach of the organization.  Once again IMAP Albia Capital announces a cross-border transaction.


It is a French international group that has more than 400 employees at the service of a circular economy by recycling raw materials and transforming non-recyclable waste into fuel for energy production. With 16 sites in France and Spain, 400 employees who are experts in the environmental sector, 800,000 tons of waste recovered in 2022 and a turnover of 280 million euros. GUYOT Environnement is the regional and independent leader in waste and material recovery, and key to tackling tomorrow’s major environmental challenges.


Esnaola is a company with great experience and recognized in the sector dedicated to the recovery, processing and sale of all kind of scrap and usable materials. With great growth potential, strategic location, differential facilities and great solidity, it has been specialized since the 70s in the preparation of oxyfuel scrap for molding casting with bucket, gas and induction furnaces.

IMAP Albia Capital

IMAP Albia Capital is a firm specialized in advising on mergers and acquisitions and corporate finance. It is  the exclusive member in Spain of the IMAP organization, which is present in more than 40 countries. Globally, IMAP completed 238 transactions worth more than $26 billion in 2022. He is consistently ranked among the top 10 M&A advisors in the world and plays a prominent role among independent advisors. In the last two years, more than half of the transactions closed by IMAP Albia Capital have been cross-border.

Scroll to Top