Sims sells Colo. yards, Southeast interest
Oct 01, 2012 | 04:59 PM
| Lisa Gordon
Tags
auto shredder,
Sims Metal Management,
Evraz Recycling,
John Zanieski,
Bob Kelman,
Lisa Gordon
PITTSBURGH — Sims Metal Management Ltd. has sold its Colorado holdings to Evraz Recycling and divested its interest in a joint venture in the Southeast.
Evraz Recycling, a division of Chicago-based Evraz North America Inc., has purchased Sims’ Denver shredder plant and its Colorado Springs location for an undisclosed price. Evraz indicated that it made the purchases to become more vertically integrated.
"This acquisition will support our long-term strategic goal to optimize Evraz steel mill input costs," Evraz Recycling president John Zanieski said. "In conjunction with several other suppliers in the Colorado ferrous scrap market, these new assets will expand our ability to meet the scrap requirements of the Evraz Pueblo facility."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here