Schnitzer Announces The Acquisition Of Encore Recycling’S Operating Assets In The Atlanta Metro Area
Schnitzer Announces The Acquisition Of Encore Recycling’S Operating Assets In The Atlanta Metro Area
05/03/22, 12:01 PM
Location
Industry
natural resources
manufacturing
financial services
Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) is pleased to announce that it has purchased the operating assets of Encore Recycling LLC (Encore) in the greater Atlanta Metro area. The acquisition closed on April 29th and encompasses two full-service recycling facilities, including a metal shredding operation and recycled auto-parts center.
Company Info
Company info
Schnitzer Steel Industries, Inc. is one of the largest manufacturers and exporters of recycled metal products in North America with operating facilities located in 25 states, Puerto Rico, and Western Canada. Schnitzer has seven deep water export facilities located on both the East and West Coasts and in Hawaii and Puerto Rico. The Company’s integrated operating platform also includes 50 stores which sell serviceable used auto parts from salvaged vehicles and receive over 4.3 million annual retail visits. The Company’s steel manufacturing operations produce finished steel products, including rebar, wire rod and other specialty products. The Company began operations in 1906 in Portland, Oregon.