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US – Southern Recycling acquired by SA Recycling

SA Recycling, a California-based ferrous and non-ferrous metal recycler and processor, recently acquired Southern Recycling, a scrap metal processor.

 

US - Southern Recycling acquired by SA Recycling p

The acquisition, which includes a shredder in Nashville, Tennessee, as well as locations in Bowling Green and Owensboro, Kentucky allows SA Recycling to increase shredding, metals operations and scrap purchasing volumes in the region.

The deal was closed on the 13th of August with Southern Recycling’s owner Houchens Industries.

SA Recycling has retained the employees of Southern Recycling and operations will continue uninterrupted under the business name SA Recycling.

The company says the purchase will allow them “to further increase its Southeast shredding and metals operations, as well as increase its scrap purchasing volumes in the area.”

In 2016, SA Recycling made its first entry into the southeast scrap market by purchasing 17 scrap metal processing facilities from Newell Recycling Southeast.

Since then, SA Recycling has acquired a number of companies in the US, including Decatur, Alabama-based Tennessee Valley Recycling in 2017; Savannah, Georgia-based Georgia Recyclers, and two Alter Trading yards in 2018; and Birmingham, Alabama-based Steel City Recycling in 2020.

SA entered the Florida market with the purchase of Capital Scrap with locations at Pompano Beach, West Palm Beach, and Stuart in 2020. The company also acquired Southern Scrap in Pensacola and Metals USA with operations in Lauderhill, Opa Locka, and Miami.

According to argusmedia.com, “the Southern Recycling acquisition complements SA Recycling’s footprint throughout the southeast by providing additional east coast market share for the recycler.”

SA Recycling is a 50-50 joint venture between global recycler Sims Metal Management and Adams Steel, and operates 87 facilities in the US, including 15 shredders and 3 port-loading operations in Long Beach, California, and Los Angeles in addition to Savannah. The company also operates an iron ore facility in Long Beach, California offering high-grade iron ore to the international marketplace.

Source www.argusmedia.com

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