MetalX said near buy of Sims shredder in Ala.
Apr 08, 2013 | 12:51 PM
| Lisa Gordon
PITTSBURGH MetalX LLC is said to be close to finalizing a deal to buy an auto shredder facility in Birmingham, Ala., owned by Sims Metal Management Ltd.
None of the parties involved would comment, but the industry is abuzz that Sims is divesting the shredder in the very near future and MetalX reportedly has locked up a deal to sell shredded scrap from the plant to Birmingham-based American Cast Iron Pipe Co. (Acipco).
Acipco, which runs a shredder at its pipe manufacturing facility, would eventually mothball its equipment and secure its melting needs from Waterloo, Ind.-based MetalX, ....
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.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.