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Steel News October 04, 2021 03:30:41 PM

Nucor Corporation Affiliate Announced Two Key Acquisitions

Paul Ploumis
ScrapMonster Author
The deal makes the total number of AMR/Nucor’s recycling facilities to 12.

Nucor Corporation Affiliate Announced Two Key Acquisitions

SEATTLE (Scrap Monster): Charlotte, N.C.-based Nucor Corporation announced two new acquisitions. The acquisitions, on behalf of its Cincinnati-based subsidiary, The David J. Joseph Company (DJJ), will add to its network of recycling facilities across the U.S. The move is in line with its growth strategy, in demonstration of its commitment to expand the regional recycling platforms.

According to company press release, Advantage Metals Recycling (AMR) completed the acquisition of St. Louis, Missouri-located Grossman Iron and Steel, which operates a full-service ferrous and nonferrous scrap metal recycling facility in end-September this year. The deal makes the total number of AMR/Nucor’s recycling facilities to 12.

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Welcoming the Grossman teammates to the AMR/Nucor family, Mark Schaefer, AMR Vice President and General Manager noted that the purchase will support its growing steelmaking capacity along the Mississippi and Ohio river system.

Also, Trademark Metals Recycling LLC (TMR) has reached an agreement to purchase the assets of Fort Myers, Florida-based Garden Street Iron & Metal Inc. The acquisition deal is expected to close today, subject to customary closing conditions. This will make TMR’s total number of recycling facilities to 26.

The addition of the Garden Street employees will add to TMR’s strong presence in the Florida market, said Brian Phillippi, General Manager, TMR.

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