Toyota Tsusho to buy major stake in Scholz

Apr 14, 2014 | 11:22 AM | Lisa Gordon

Tags  scrap processor, Scholz, Toyota Tsusho, Liberty Iron & Metal, share purchase, Lisa Gordon

PITTSBURGH — Toyota Tsusho Corp. will become a major investor in Scholz AG as part of its strategy to expand its recycling footprint.

The Tokyo-based company has agreed to purchase 39.1 percent of the scrap processor and broker’s stock from the Scholz family for an undisclosed sum. The deal is expected to close during the second quarter.....

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