Gerdau buys Canadian scrap processor

Archiv – Mini-mill steel producer Gerdau Ameristeel from Brazil has acquired Canadian Metro Recycling, a scrap processor headquartered in Guelph, Ontario. According to Gerdau, Metro Recycling is a premier central Ontario recycler with three locations, two in Guelph and the other in Mississauga. The terms of the transaction were not disclosed. Brazil / Canada | Mini-mill steel producer Gerdau Ameristeel from Brazil has acquired Canadian Metro Recycling, a scrap processor headquartered in Guelph, Ontario. According to Gerdau, Metro Recycling is a premier central Ontario recycler with three locations, two in Guelph and the other in Mississauga. The terms of the transaction were not disclosed.
The acquisition ’will enhance Gerdau Ameristeel’s continuing strategy to grow our scrap processing capability throughout North America,’ states Matt Yeatman, the Brazilian-controlled steelmaker’s vice-president of raw materials. ‘€˜Metro is an excellent complement to our existing recycling and production facilities.’€™