What HM Precious Metals does

HM Precious Metals is a vertically integrated precious metals group headquartered in Pforzheim, Germany, with roots dating to 1845 and currently operating through 14 subsidiary companies across 9 countries (Germany, Austria, UK, France, Netherlands, Belgium, Spain, Portugal, and the US) with approximately 1,500 employees. The group operates across the full precious metals value chain, including recycling and refining of production residues, precious metal trading, manufacturing of semi-finished products (strips, rods, wires, tubes, anodes), jewellery manufacturing, dental alloys and medical technology electroplating, electroplating chemicals and equipment, minting of circulation and commemorative coins for central banks and governments, and bespoke toolmaking and die sinking. Underlying technologies include CNC machinery, laser engraving, Physical Vapour Deposition (PVD) coating, 3D precious metal printing in silver, gold, platinum and titanium, and proprietary analytical laboratory equipment for assaying.

The group serves a highly diversified customer base spanning central banks and monetary authorities, government departments, knightly orders, police forces, jewellery manufacturers and retailers, dental laboratories, industrial/electronics clients, medical technology firms, and individual consumers and investors. Go-to-market is multi-channel: enterprise field sales for manufacturers and government contracts, a multi-channel e-commerce and retail operation (Cooksongold serves 70,000+ customers annually with 400,000+ parcels despatched across website, contact centre, eBay, Amazon, and two UK retail stores), exhibitions (IDS Cologne, INHORGENTA, Vicenzaoro), and direct institutional relationships. The business model combines product sales (one-time), transaction-fee recycling and trading services, and professional services for electroplating, minting, and material testing. Multiple subsidiaries hold LBMA, RJC, CFSI, and DIN EN ISO 9001 certifications, with SEMPSA notably being the first European company CFSI-certified for conflict-free gold.

HM Precious Metals is a wholly-owned subsidiary of the Possehl Group, a diversified German conglomerate ultimately controlled by the non-profit Possehl Foundation (sole shareholder since 1919). The group has executed a sustained acquisition-led expansion, beginning with the 2013 acquisition of the Cookson Precious Metals business group that formed the platform, followed by Weston Beamor (2018), Commonwealth Mint and Techgrave (2022), Reischauer (2023), and four 2024 acquisitions (Royal Dutch Mint, Osborne Mint, Dutch Value Logistics, Tools & Dies). In July 2024, the Heimerle + Meule Group was rebranded to HM Precious Metals to reflect its expanded international, multi-segment identity. The company is privately held and does not disclose financial results.

Name

HM Precious Metals

Legal name

Heimerle + Meule GmbH

Website

https://hm-pm.com

Company type

Private

Founded year

1845

Operating status

Operating

Headcount range

11–50 employees

Short description

HM Precious Metals is a Germany-based, vertically integrated precious metals group operating 14 companies across 9 countries with 1,500 employees. It serves central banks, jewellery manufacturers, dental labs, and industrial clients with refining, recycling, minting, electroplating, and trading services.

Ownership category

akta.pro rank

Product category

Precious Metals Manufacturing and Refining

NAICS

Nonferrous Metal (except Aluminum) Smelting and Refining (33141), Jewelry and Silverware Manufacturing (33991), Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers (332812)

SIC

Secondary Smelting & Refining Of Nonferrous Metals (3341), Primary Smelting & Refining Of Nonferrous Metals (3330), Jewelry, Precious Metal (3911)

akta.pro primary industry

Precious Metals Smelting & Refining (IMAKAEAE)

akta.pro secondary industries

Precious & Specialty Metal Recovery (Smelting, Refining, Hydrometallurgy) (EUAIAIAD), Precious Metals Recycling & Urban Mining (E-waste, Catalysts, Jewelry Scrap) (IMAKAEAG), Precious Metals Minting & Bullion Products (IMAKAEAJ)

Keywords

• Precious metals refining
• Precious metals recycling
• Coin minting services
• Jewellery manufacturing supplies
• Dental precious alloys

Headquarters

HQ city

Pforzheim

HQ country

Germany

HQ region

Europe

Offices11 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Product Sales: Sale of semi-finished products, jewellery, investment products (physical and tokenized bars), dental products, chemicals and equipment
2. Recycling Services: Precious metal recycling and industrial recycling services for production residues containing precious metals
3. Material Testing & Analysis Services: Testing and inspection procedures for high-quality materials including reliability, durability and resilience analysis
4. Electroplating Services: Contract electroplating department offering customised production processes in strip and rack electroplating, complemented by PVD coating
5. Minting Services: Production of coins, medals, commemorative products and coin blanks for international organizations, government departments and central banks
6. Precious Metal Trading: Trading of precious metals with up-to-date price information and market trends

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

HM Precious Metals is a group of 14 companies that refines, recycles, trades and manufactures precious metals, producing semi-finished products (strips, rods, wires, tubes, anodes), investment bars (physical and tokenized), dental and medical alloys, finished jewellery, minted coins and medals, electroplating chemicals and equipment, and providing recycling, electroplating, material testing and trading services to jewellery makers, dental laboratories, central banks, industrial manufacturers and retail consumers.

Product overview

HM Precious Metals operates as a diversified group of international businesses offering a comprehensive portfolio of precious metal products and services. The company is structured around six core product categories (Semi-Finished Products, Investment Products, Dental & Medical Technology, Jewellery, Minting, and Chemicals & Equipment) and six service categories (Material Testing & Analysis, Precious Metal Trading, Recycling, Electroplating, Bespoke & Customisation Services, and Toolmaking). The group comprises 14 subsidiary companies across 9 countries, including Heimerle + Meule (parent company in Germany/Austria), Cooksongold, Weston Beamor, Commonwealth Mint, and Techgrave (UK), Cookson-CLAL (France), SEMPSA (Spain), Koutadly (Portugal), Drijfhout, Royal Dutch Mint, and Dutch Value Logistics (Netherlands), Osborne Mint (USA), Tools & Dies (Belgium), and Reischauer (Germany). These subsidiaries operate independently while implementing shared group strategies, providing customers with end-to-end precious metal solutions from recycling and trading through to manufacturing and minting.

Differentiator

Problem solved

Functional benefit

Brands

• Domino Jewellery: One of the UK's leading jewellery manufacturers of bridal and fine jewellery suites in platinum and 18ct or 9ct gold alloys. Products include wedding rings, ring mounts, neckwear, wristwear, and earrings.

Quantifiable outcome

• 70,000+ customers served annually by Cooksongold alone
• +2 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Jody ClarkminorOthers · 1 January 2022World-renowned numismatic designer serving as Head of Design at Commonwealth Mint. Sculptor of the last portrait of HM Queen Elizabeth II used on UK coins, designer of the renowned Queens Beasts coins and current UK Sovereign coin.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Royal Canadian Mint: Royal Canadian Mint produces circulation and commemorative coins, precious metal blanks, and investment products. Direct comparable through Osborne Mint/Royal Dutch Mint subsidiaries, especially in central bank coin contracts and bullion manufacturing.
• Umicore: Umicore is a major Belgian materials technology group with substantial precious metals refining, recycling, and catalyst operations. Comparable in scale, European footprint, and full-cycle precious metals processing, including industrial product lines.
• Metalor Technologies: Metalor is a Swiss-based precious metals refiner serving jewelry, industrial, and financial customers. Comparable precious metals refining and advanced materials business with similar customer overlap in industrial applications and bank-traded bullion.
• The Perth Mint: Australia's official precious metals mint producing bullion coins, bars, and commemorative products. Comparable precious metal investment products and commemorative coin services, especially across the Commonwealth footprint.
• Valcambi: Swiss LBMA-accredited precious metals refinery producing bars and semi-finished products. Comparable in precious metals refining, investment bars, and recycling of precious metal-bearing industrial residues.
• Tanaka Kikinzoku Kogyo: Japan's leading precious metals refiner and manufacturer with industrial and jewelry applications. Comparable in integrated precious metals processing, electronics/industrial contact materials, and high-purity refining capabilities.
• Heraeus Precious Metals: Heraeus is one of the world's largest precious metals processors and refiners with integrated recycling, trading, and industrial products. It is the most direct comparable to HM Precious Metals' integrated platform spanning refining, recycling, and industrial precious metal products.
• PAMP (MKS PAMP GROUP): Swiss-based LBMA-accredited precious metals refiner and bullion bar producer. Highly comparable in precious metals refining, LBMA-certified bullion products, and global distribution of investment-grade precious metal bars.
• Münze Österreich (Austrian Mint): Austria's national mint producing Vienna Philharmonic coins and circulation coinage. Comparable in minting services for central banks and precious metal bullion products, with overlapping sovereign-client expertise.

Regional players

• Baird & Co: UK-based precious metals refiner and bullion dealer with strong UK retail and trade customer base. Comparable to HM Precious Metals' Cooksongold subsidiary in serving UK jewelry makers, scrap dealers, and retail bullion buyers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hm-precious-metals

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HM Precious Metals