SDI’s Recycle South Adds New Properties

Recycle South LLC, Spartanburg, S.C., has announced the acquisition of three North Carolina companies operating under mutual ownership: Cohen & Green Salvage Co., Lumberton Recycling Co. and Raeford Salvage Co.

Recycle South—consisting of the assets of Carolinas Recycling Group and Atlantic Scrap & Processing—was itself recently acquired by the OmniSource subsidiary of Steel Dynamics Inc. (SDI), Fort Wayne, Ind.

The Cohen & Green operations are based in Fayetteville, N.C., and are located in proximity to two of Recycle South’s five shredding facilities. All management and existing employees will remain at all three locations, according to a Recycle South news release.

 “The Cohen & Green companies have operated successfully with a rich tradition in southeastern North Carolina and we are pleased to have these facilities and their employees as part of the Recycle South family,” says Marvin Siegel, Recycle South Chairman and CEO.

Michael Green, CEO of the acquired companies says, “We believe our future with Recycle South will enhance the service we provide to our suppliers and customers and will provide long-term opportunities to our employees in an ever changing industry.” The acquired companies were represented by Dresner Partners, a Chicago based investment banking firm, in a transaction with undisclosed terms.

Recycle South now operates 22 scrap metal processing facilities in the Carolinas and Georgia with approximately 700 employees. It bills itself as one of the largest metal recycling companies in the Southeast with annual shipments of approximately 1.5 million tons of ferrous scrap and 250 million pounds of nonferrous scrap per year.