Structural Metals Inc. has completed the purchase of an auto shredding plant from
Newell Recycling of San Antonio LP, located in San Antonio, in a deal announced in late May.
Structural Metals is a wholly owned subsidiary of Commercial Metals Co. (CMC), a metals recycling, manufacturing, fabricating and trading enterprise based in Irving, Texas.
Following the sale, Newell Ltd. will retain the company’s media plant operation in San Antonio as well as a shredding operation in Eagle Pass, Texas.
According to a CMC news release, the acquisition of Newell Recycling’s assets “continues the vertical integration of CMC by providing raw materials for its CMC Steel Texas location, establishes a larger recycling presence in San Antonio and provides an opportunity for continued growth of the company’s recycling operations in the Central Texas area.”
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