Toyota Tsusho America Completed Acquisition of Radius Recycling

Naoyuki Hata, TAI President & CEO stated that he is delighted to welcome Radius into the Toyota Tsusho family.

SEATTLE (Scrap Monster): Toyota Tsusho America, Inc. - the U.S. subsidiary of Japan-based Toyota Tsusho Corporation announced that it has completed the previously announced acquisition of the Portland, Oregon- headquartered leading North American metal recycling company Radius Recycling.

The deal pledges to expedite Toyota Tsusho's journey towards carbon neutrality and provide long-term benefit to all stakeholders and communities, in addition to furthering the company's strategic goals.

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After the deal closes, Radius Recycling will remain based at its current headquarters in Portland, Oregon, according to a news release from the company. The business will keep its personnel, management, and brand. Radius Reyccling's common shares will be removed from the Nasdaq Capital Market following the transaction.

Radius is a welcome addition to the Toyota Tsusho family, said Naoyuki Hata, President & CEO of TAI. Radius's solid reputation and established track record in the North American recycling sector are a direct reflection of its common goal of developing Better Solutions for a Better Future.

Radius CEO Tamara Lundgren stated that partnering with Toyota Tsusho creates opportunities for Radius, its staff, and its esteemed clients and vendors.