DJJ’s Tampa deal to lift US presence

Apr 25, 2014 | 04:30 PM | Sean Davidson

Tags  David J. Joseph Co., Turkey, acquisition, OneSteel Recycling, Trademark Metals Recycling, Port of Tampa Bay, Grimmel Industries, shredder deepwater export

NEW YORK — David J. Joseph Co.’s (DJJ’s) acquisition of a bulk scrap export facility in Florida is expected to have minimal impact on the export market to Turkey but could bolster the company’s position in the domestic market, according to industry participants.

Cincinnati-based DJJ recently announced that it had purchased the Tampa, Fla., assets of OneSteel Recycling Inc. through wholly owned subsidiary Trademark Metals Recycling LLC (amm.com, April 24) after the Port of Tampa Bay authorized a change in the ownership of the lease (amm.com, April 22).

Rumors that DJJ was set to acquire OneSteel’s facility in Tampa first circled the market late last year and strengthened over the following months, so there was little surprise when the company finally confirmed the deal.....





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