Sims Metal Management has announced that its Sims Group Australia Holdings Ltd. subsidiary has signed an agreement to purchase the assets of Australia-based company Commercial Metal Recycling Services (CMRS).
CMRS operates a network of eight yards across Queensland, Australia. Additionally, CMRS operates three locations in Brisbane, and five regional centers in Townsville, Cairns, Toowoomba, Gladstone and the Sunshine Coast of Australia.
In a release announcing the purchase, SimsMM says that CMRS collects about 75,000 metric tons of ferrous scrap and 7,000 tons of nonferrous scrap per year.
Darron McGree, managing director of SimsMM Australia, says “CMRS is a good strategic fit for our Queensland metal recycling business due to its diverse geographic footprint and strong local capability.”
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