CMC completes acquisition of Newell San Antonio shredder

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.”