Schnitzer Acquires Massachusetts Scrap Metal Firm

Schnitzer Steel Industries Inc. has entered into a definitive agreement to acquire substantially all of the assets of State Line Scrap Co. Inc. and certain of its affiliates. State Line is headquartered in Attleboro, Mass.

In an announcement, Tamara Lundgren, Schnitzer’s CEO, says, "Schnitzer's acquisition of State Line Scrap brings together two complementary operating platforms in the Northeast metals recycling business.” "By enhancing our supply network and the production capabilities of our Northeast metals recycling business, we believe this acquisition is a great strategic fit for our company."

"State Line Scrap has been in operation for over 60 years, building its business and reputation as a leading scrap metal recycler and exporter in the Northeast. Its extensive supply chain will add valuable operational and commercial synergies to our existing Massachusetts and Rhode Island facilities and enable us to offer a greater range of service to both companies' valuable suppliers," says Don Hamaker, president of Schnitzer Steel's Metals Recycling Business.

"Like most of our businesses, State Line has the ability to efficiently serve domestic and international customers. Most importantly, we gain considerable regional and operational expertise from the management and entire team at State Line."

"State Line grew over the past 60 years through providing strong customer service, adherence to operating fundamentals and dedicated employees," says David Bourque, president of State Line Scrap Co. "I am looking forward to continuing our growth and success with Schnitzer Steel."