Gerdau buys Virginia scrapyard chain
Feb 01, 2013 | 02:42 PM
| Lisa Gordon
Tags
auto shredder,
scrapyard,
Cycle Systems,
Gerdau Long Steel North America,
Matt Yeatman,
Guilherme G. Johannpeter,
Lisa Gordon
PITTSBURGH — Gerdau Long Steel North America has completed its acquisition of a Virginia scrapyard chain as part of its strategy of owning assets near its melting facilities.
The Tampa, Fla.-based steelmaker finalized the deal Feb. 1 for Roanoke, Va.-headquartered Cycle Systems Inc., which sources had suggested to AMM would happen last summer (amm.com, Aug. 14). The terms of the deal were not disclosed.....
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