Fort Mitchell, Kentucky-based River Metals Recycling (RMR), a wholly owned subsidiary of Cincinnati-based The David J. Joseph Co. (DJJ), has finalized the acquisition of substantially all of the metal recycling assets of Industrial Services of America Inc. (ISA), headquartered in Louisville, Kentucky, pursuant to the definitive agreement executed Aug. 19.
ISA operates four metal recycling facilities in Kentucky and Indiana, including an automobile shredder and self-serve auto parts yard in Louisville. RMR operates 11 locations in Kentucky, Ohio, Tennessee, Indiana, Illinois and Alabama, including automobile shredders in Newport and Louisville, Kentucky.
DJJ says the addition of these locations is consistent with its strategy and the commitment to grow its regional recycling platforms. The acquisition also supports an expanding consumer base of ferrous and nonferrous scrap customers in the region.
At the time the purchase agreement was announced, River Metals said it intended to hire substantially all of ISA’s employees immediately after the closing of the transaction.
Founded in 1885, DJJ is a subsidiary of Nucor Corp., a minimill steelmaker based in Charlotte, North Carolina. DJJ is one of the largest scrap brokers/processors in the United States, providing scrap brokerage, recycling and transportation services. Nucor and its affiliates are manufacturers of steel products, with operating facilities primarily in the U.S. and Canada. Across the USA, DJJ operates nearly 60 scrap recycling facilities and 11 U-Pull-&-Pay self-service used auto parts stores.