Schnitzer Steel Industries, Portland, Ore., has announced that it has acquired substantially all of the assets of American Metal Group and certain of its affiliates, which operate from facilities in San Jose and Santa Clara, Calif.
“Our acquisition of American Metal Group enhances our supply network in Northern California and continues our strategy of growth in this important region by expanding the platform of our Metals Recycling Business,” says Tamara Lundgren, CEO of Schnitzer Steel.
“American Metal Group has been in operation for over 50 years, and we look forward to building on AMG’s growth and success and continuing to serve all of the customers in the region,” says Don Hamaker, president of Schnitzer’s Metals Recycling Business. “This acquisition is a good strategic fit for Schnitzer as it adds a strong nonferrous franchise and a large-scale CRV operation in this region. We are excited to welcome our new employees to Schnitzer.”
Terms of the transaction were not disclosed.
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