Schnitzer Auto Parts Business Adds Three Locations

Schnitzer Steel Industries Inc. has announced that its auto parts business has made three transactions that geographically expand the company’s operations. The three transactions include the acquisition of substantially all of the assets of the automobile recycling company Waco U-Pull-It Inc., Waco, Texas; a facility in Stockton, Calif. that Schnitzer will develop into a specialty self-service facility; and property adjacent to one of Schnitzer’s Portland, Ore., facilities, which will allow the company to expand its existing operation. 

“These three transactions continue the expansion of the footprint of our auto parts business and demonstrate the disciplined execution of our stated strategy to develop scale in core supply regions to obtain scrap at its earliest stage of disposal,” says Tamara Lundgren, CEO of Schnitzer Steel Industries. “We are expanding our network of retail Pick-n-Pull stores and continuing to expand in the high growth Texas market.”

“Pick-n-Pull continues to build its presence in Texas by adding an important location to our existing footprint of four retail stores in the Dallas/Ft. Worth Metroplex and one in San Antonio,” says Tom Klauer, president of Schnitzer Steel’s Auto Parts Business. “This acquisition marks our entry into the Waco market and supports our concentrated growth strategy in core regions.”

“Our acquisitions in Stockton, Calif., and Portland, Ore., demonstrate our commitment to expanding our facilities in these attractive markets. In both cases, we intend to aggressively grow our capacity and retail operations. Pick-n-Pull will continue to actively pursue growth in both new and existing markets.”