Newell Recycling in San Antonio under new ownership
By: Jose G. Landa, Copyright 2014, Eagle Pass Business Journal, Inc.
Structural Metals, Inc., a subsidiary of Commercial Metals Co. (CMC), entered into an agreement to purchase Newell Recycling of San Antonio LP, located in San Antonio .
CMC anticipates the acquisition will be completed by June 13, 2014, contingent upon satisfaction of customary closing conditions.
Following the sale, Newell Ltd. will retain its media plant operation at its San Antonio site as well as the shredding plant operations of Newell Recycling in Eagle Pass.
Along with the purchase of the Newell Recycling’s assets, CMC will acquire a complete 80-inch-by-104-inch shredder with a 4,000-horsepower Alston motor from The Shredder Co. CMC will evaluate the current shredder capacity in central Texas and determine in the next 6 to 12 months the most beneficial location where to install the new shredder.
CMC stated that the acquisition of Newell Recycling continues its vertical integration by providing raw materials for its CMC Steel Texas location. Additionally, the acquisition gives CMC a larger recycling presence in San Antonio and provides an opportunity for continued growth of the company’s recycling operations in the central Texas area.
Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. The company’s Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products through 31 scrap metal processing facilities to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers. Its Americas Mills segment operates five steel mills that produce reinforcing bars, angles, flats, rounds, small beams, fence-post sections, and other shapes; two scrap metal shredder and processing facilities; and a railroad salvage company.
The company’s Americas Fabrication segment operates rebar and structural fabrication, fence post manufacturing plants, construction-related product facilities, and plants that bend, cut, weld, and fabricate steel; warehouses that sell or rent products for the installation of concrete; plants that produce steel fence posts; and plants that heat-treat steel. Its International Mill segment is engaged in mill, recycling, and fabrication operations through two rolling mini mills that produce reinforcing bar and merchant products; a specialty rod finishing mill; scrap processing facilities that support the mini mills; and four steel fabrication plants for reinforcing bar and mesh products. The company’s International Marketing and Distribution segment is involved in the sale, distribution, and processing of steel products, industrial minerals, ores, metal concentrates, ferroalloys, and other industrial products to manufacturers in the steel, nonferrous metals, metal fabrication, chemical, refractory, construction, and transportation businesses. Commercial Metals Company was founded in 1915 and is headquartered in Irving, Texas.
