Gerdau Ameristeel Purchases Fargo Iron and Metal Co.

Gerdau Ameristeel has announced that it has acquired Fargo Iron and Metal Co., Fargo, N.D. The company did not disclose the transaction terms.

Fargo Iron and Metal has operated a scrap yard and processing facility for more than 100 years. The company also operates a steel service center for local manufacturers and construction companies. The company employs 25 people.

“The Fargo Iron operations and experienced team will enhance Gerdau Ameristeel’s continuing strategy to grow the company’s scrap processing capability throughout North America,” Matt Yeatman, vice president of raw materials, says. “Fargo is a great fit because of its proximity to four existing North Dakota scrap yards and our Midwest steel operations,” he adds.

Gerdau Ameristeel operates 17 scrap processing yards, including seven auto shredders, in the United States and Canada.