Commercial Metals signs agreement to purchase Newell Recycling
Commercial Metals Co., through its wholly owned subsidiary Structural Metals Inc., has signed an agreement with Newell Recycling of San Antonio LP and John R. Newell for the purchase of substantially all of the assets of Newell Recycling, located in San Antonio, Texas. The deal is expected to close in June.
Newell Ltd. will retain the Media Plant operation located at the site, as well as the shredder operations of Newell Recycling in Eagle Pass, Texas.
Commercial Metals Co. and its subsidiaries manufacture, recycle, and market steel and metal products, related materials and services through a network including steel mini-mills, steel fabrication and processing plants, construction-related product warehouses, metal recycling facilities, and marketing and distribution offices.