Herman Strauss completes purchase of RG Steel asset

Jul 27, 2012 | 09:50 AM | Lisa Gordon

Tags  scrap processor, auto shredder, RG Steel, Herman Strauss, lisa gordon

PITTSBURGH — Herman Strauss Inc., a scrap processor with an auto shredder, has completed its purchase of RG Steel LLC’s idled Steubenville, Ohio, facility.

The Wheeling, W.Va.-based scrap processor paid $15 million for the property—$4.3 million for the land and $10.7 million for scrap metal, the buildings and their contents, according....

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