Further expansion for Schnitzer portfolio

USA – North American scrap processor Schnitzer is continuing along the takeover trail by acquiring State Line Scrap of Attleboro, Massachusetts, USA. Meanwhile, Steel Pacific Recycling – the largest metal recycler on Canada’s Vancouver Island – is being sold to Schnitzer, along with Vancouver-based Amix Salvage and Sales which operates two sites in Surrey and others in Nanaimo, Chilliwack, Edmonton and Fort McMurray, Alta.

The acquisition of Steel Pacific provides continued growth in Western Canada, according to Schnitzer’s CEO Tamara Lundgren. ‘Together with Schnitzer’s recently-announced acquisition of Amix Salvage, we are adding to our export-based recycling platform to better serve our customers around the world,’ she explains.

Schnitzer has been a long-time buyer of Steel Pacific’s chipped metal, which it ships by barge to processing plants in the states of Washington and Oregon to make construction rebar, wire rod and vehicle parts such as wheel rims. Employing approaching 100 people and running a fleet of more than 30 trucks, Steel Pacific handles metals, wood waste, batteries, plastics and other recyclables.

Established 105 years ago, Schnitzer is one of the largest manufacturers and exporters of recycled ferrous metal products in the USA, with 46 operating facilities across 14 states and in Puerto Rico. The company also sells reconditioned vehicle parts through 46 self-serve facilities.