Sims Metal Acquires Northeast Metal Traders
March 21, 2023
Sims Metal, a division of Sims Limited, will acquire the commercial and operating assets of Pennsylvania-based Northeast Metal Traders (NEMT) in a bolt-on deal expected to close in mid-April 2023. The acquisition expands Sims Metal North America’s non-ferrous/copper recycling footprint in Philadelphia, adding approximately 60,000 tons per year of processed non‑ferrous metal and expected commercial and operating synergies.
- Buyers
- Sims Metal
- Targets
- Northeast Metal Traders
- Industry
- Industrial Services
- Location
- Pennsylvania, United States
- Transaction Type
- Addon
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