Schnitzer Steel Industries has finalized the previously announced acquisition of the assets of Max Cohen and Sons, dba Advanced Recycling, a metals recycler with four processing facilities located in New Hampshire. Advanced Recycling handles about 250,000 tons of ferrous scrap metal and 25 million pounds of non-ferrous scrap metal annually. Terms of the acquisition were not disclosed.
"This acquisition is consistent with our strategy of expanding our presence in New England and leveraging the infrastructure investments we have been making at our facilities in the area," said John Carter, Schnitzer's president and CEO.
Steven Cohen, President of Advanced Recycling, joined the Schnitzer management team as director of its Northern New England metals recycling operations.
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