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SiC Processing Raises $75 Million

SiC Processing AG, a Germany-based service provider of wet separation, treatment and reclamation of used slurry, has raised Euro 53.4 ($75.75m) in new VC funding. Zouk Ventures led the deal, and was joined by Merrill Lynch CPI Group, CC Private Equity Partners, Masdar Clean Tech Fund, Foursome Investments and the Heckmann family.


SiC was founded in 2000, and currently owns and operates recycling plants in Germany, Norway, Italy, USA and China.