The David J. Joseph (DJJ) subsidiary of Charlotte, North Carolina-based electric arc furnace (EAF) steelmaker Nucor Corp. has announced two acquisitions that will add to its scrap shredding and processing capacity.
St. Louis-based Grossman Iron & Steel, a 101-year old scrap processing company, has been acquired by the Advantage Metals Recycling (AMR) DJJ operating unit. The acquisition brings AMR’s number of recycling facilities to 12, according to the company.
“We are pleased to welcome the Grossman teammates to the AMR/Nucor family,” says Mark Schaefer, an AMR vice president and general manager. He calls Grossman “well-positioned to support our growing steelmaking capacity along the Mississippi and Ohio river system.”
Additionally, the Trademark Metals Recycling LLC (TMR) business unit of DJJ has agreed to purchase the assets of Garden Street Iron & Metal Inc. in Fort Myers, Florida. That transaction will bring TMR’s total number of recycling facilities to 26, according to Cincinnati-based DJJ.
“The Garden Street teammates are a welcome addition to the TMR/Nucor team and will seamlessly add to our strong presence in the Florida market,” says Brian Phillippi, TMR general manager.
Garden Street Iron & Metal and members of the Weber family, who own and operate it, also have processing operations, including an auto shredder, in Cincinnati. The Weber family's Ohio properties were not purchased by DJJ.
The Recycling Today 2020 list and map of automobile shredders indicate the Grossman site in St. Louis and the Garden Street site in Fort Myers are home to shredding plants.
Nucor says the additional Missouri and Florida locations for DJJ represent “a 10 percent growth in capacity,” adding that the move “is consistent with Nucor's growth strategy and demonstrates our commitment to expanding the regional recycling platforms supporting our steel mills.”