Less than two weeks after Nucor announced it was acquiring David J. Joseph Co., DJJ has turned around and announced that it has reached an agreement to acquire the assets and business of Galamba Metals Group.
Galamba, based in Kansas City, Mo., operates 16 scrap processing facilities in Kansas, Missouri and Arkansas. The company also has two automobile shredders at its site.
Raynard Brown, president of Galamba, as well as current employees and management, will remain with the company. The Galamba Group will become DJJ's fifth wholly-owned regional scrap processing company.
The transaction is expected to close by April 1, 2008, subject to completion of due diligence and obtaining necessary regulatory approvals.
In addition to Galamba’s operations, DJJ’s Processing Group comprises a network of 35 scrap processing facilities including 12 shredders.
Nucor is expected to complete the acquisition of DJJ by the end of this month.
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