EMR’s US activities and Smith Industries under one umbrella

Archiv – United states / United Kingdom | The US subsidiary of scrap metal giant European Metal Recycling (EMR) and Smith Industries, a leading market player in the United States have merged their activities in the United States. Camden Iron & Metal –the EMR daughter company in the US- and Smith confirm that they have undertaken a transaction the two companies. United states / United Kingdom | The US subsidiary of scrap metal giant European Metal Recycling (EMR) and Smith Industries, a leading market player in the United States have merged their activities in the United States. Camden Iron & Metal –the EMR daughter company in the US- and Smith confirm that they have undertaken a transaction the two companies.
Under the terms of the deal a holding company, EMR/Smith Industries LLC, has been formed which owns both Camden and Smith Industries. This holding company is jointly owned by EMR and Paul Smith, the previous sole owner of Smith Industries. No further terms of the transaction have been announced. Both Camden and Smith Industries engage in the business of collecting, processing and selling ferrous and non‐ferrous scrap metal, together operating 20 metal recycling yards in the Mid‐Atlantic region.
Commenting on the transaction, Colin Iles, CEO of UK based EMR, says: ’We are delighted to combine our Camden operation with that of Smith Industries ‐ a business that we have held in high regard for a number of years. We look forward to working with Paul Smith and his management team to further expand our collective activities.’ Based in Warrington, England, the company employs approximately 2,250 people and operates at over 120 locations around the world. EMR has had a presence in the USA since 2006 with its USA operations headquartered in New York city.
Paul Smith, CEO and President of Smith Industries, adds: ’This transaction represents the next age of growth for Smith Industries, and combines two operations with very similar cultures and ambitions.’ Smith Industries is based in Capitol Heights, Maryland. The company operates 13 metal recycling yards in Maryland, Delaware and Virginia with shredders in Capitol Heights and Baltimore.