Newell Recycling Southeast will operate more than 20 scrap yards and five auto shredders.
Newell Recycling of Georgia LLC, headquartered in East Point, Georgia, has entered into a definitive merger agreement with the scrap metal recycling firm Blaze Recycling & Metals LLC, Norcross, Georgia. The combined company will be called Newell Recycling Southeast.
The deal is subject to customary closing conditions and is expected to close in August 2014.
“We are very excited about the future of these two great companies together,” says Sharon Newell Shirley, CEO of Newell Recycling of Georgia. “This combination will strengthen and improve our ability to be the best service provider to our upstream and downstream customers and will improve the efficiency of our operations.”
Shirley continues, “Once combined, the geographic breadth of our 22 facilities, significant logistics savings, efficiencies from specializing our assets, and the knowledge base of our industry leading employees will be unparalleled in the Southeastern region.”
Cary Grossman, interim CEO of Blaze Recycling, says, “This is a great transaction for both companies. Becoming part of the Newell family will provide tremendous opportunities for our employees in a larger and growing enterprise.”
Newell operates 14 facilities in Georgia, including three mega-shredders.
Blaze Recycling operates eight scrap yards in Georgia and Alabama. The company operates two auto shredders, one in Lawrenceville, Georgia, and the other in Phenix City, Alabama.