The corporate roots of Eldan Recycling A/S dates back to 1956, and when E. Laursens Maskinfabrik A/S was founded in Copenhagen, Denmark, by Ejvind Laursen. The company produced and marketed various types of scrap shears.
In 1971 the company moved to new and bigger production facilities in Faaborg on Funen, Denmark.
In 1980 Steen Laursen took over the company from his father, Ejvind Laursen and the company changed its name to Eldan. The name Eldan originates from E (Ejvind) L (Laursen) and DAN (Denmark). The activities on the export market were intensified and today Eldan markets its system solutions globally. Contact with customers is maintained through own sales offices as well as an extensive agent network.
Over the years the company extended its product portfolio and today it includes cable strippers, alligator shears, ACSR shears, machines and complete plants for processing of e.g. tire, cable, electronics (WEEE), aluminum. Since the beginning the company has specialized in developing and manufacturing of machines and plants for the recycling industry.
In 1999 Eldan was sold to the large Swedish business group Carl Bennet AB (website) with Steen Laursen remaining as Managing Director of the company. Since 2000 Eldan has been a part of the environmental section of Carl Bennet AB - Lifco AB (website).
In 2001 Eldan moved to its current, larger facilities in Faaborg.
In 2005 Toni Reftman was made Managing Director of Eldan preparing the company for Steen Laursen’s retirement.
In 2008 Eldan Recycling expanded their production facilities considerably by adding two new workshops to the premises and today the premises of Eldan Recycling A/S is covering an area of 10.000 m2. This step was taken to meet the high demand for Eldan equipment and to shorten the delivery time. This also gives an excellent opportunity carry out trials with the specific material types.
Until 2009 Steen Laursen was involved in the company as a business development manager and consultant.
In 2014 49.9% of the Lifco Group was introduced and noted on the Nasdaq Stockholm’s main list. The majority (50.1%) of the Lifco Group is however still owned by Carl Bennet AB.