Schnitzer Steel Acquires Montana Scrap Metal Recycler

Schnitzer Steel Industries Inc. has acquired substantially all of the assets of Golden Recycling & Salvage Inc., a recycling firm based in Billings, Mt. The acquisition took place through Schnitzer’s SSI Big Sky LLC subsidiary. The company acquired will operate as Schnitzer Steel Billings.

“Schnitzer’s long term vision remains focused on our growth strategy. The purchase of Golden Steel & Recycling gives us a presence in the Montana market and positions us for further growth in the region,” says Don Hamaker, president of Schnitzer Steel’s Metals Recycling Business.

“Golden Steel & Recycling’s demolition services business nicely complements our core competency of metals recycling and allows us to expand our service and product offerings,” he adds.

“The acquisition by Schnitzer Steel presents an opportunity for substantial business growth in all of our product and service lines,” says Jim Gallup, the majority owner of Golden Steel & Recycling.

Schnitzer Steel’s recycling division operates 45 facilities in 14 states, including seven export facilities on both the East and West Coasts, Hawaii and Puerto Rico. The company’s operating platform also includes an auto parts division and steel manufacturing businesses.

The company’s auto parts business sells used auto parts through its 45 self-service facilities in 14 states and in western Canada. Schnitzer’s steel division production totals around 800,000 tons of steel per year. Its end products include rebar, wire rod and other specialty products.