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Sims expands e-cycling with Genesis acquisition

Keywords: Tags  scrap, e-recycling, Sims Metal Management, SRS, Sims Recycling Solutions, Daniel Dienst, Sean Davidson


NEW YORK — Sims Metal Management Ltd. has completed its acquisition of a Canadian electronics recycling company, barely three months after a buy in Maryland, the company said Thursday.

Sims’ electronics recycling business, Sims Recycling Solutions (SRS), this week acquired Langley, British Columbia-based Genesis Recycling Ltd. for an undisclosed sum.

Genesis is located just outside Vancouver and provides recycling solutions to business, government and industrial customers for electronics and small appliances.

"With our strong presence in Ontario and eastern Canada, this acquisition was an attractive opportunity for Sims MM to enter Western Canada and further strengthen its North America SRS electronics recycling business," Steve Skurnac, president of SRS’ Americas operations, said.

It follows Sims’ acquisition of Elkridge, Md.-based E-Structors Inc., which SRS bought in September (amm.com, Sept. 5).

At Sims group’s annual meeting of shareholders in North Sydney, Australia, held in mid-November, chief executive officer Daniel W. Dienst said the company would continue to evaluate growth opportunities for SRS in North America.


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