ArcelorMittal Long Products Canada announced today that it is acquiring the assets of Legault Métal Inc., a metals recycling company with facilities in Trécesson, Val d'Or, Rouyn-Noranda and La Sarre, in Abitibi-Témiscamingue, Quebec. These sites, which will now operate under the name Legault Métal, a division of ArcelorMittal, will continue to deliver its services to scrap dealers and individuals.
"We are pleased to welcome Legault Métal Inc., a long-standing supplier, to our organization and further reinforce our presence in the Quebec scrap recycling market," said François Perras, Chief Executive Officer for ArcelorMittal Long Products Canada. "As the largest recycler of scrap for local use in Quebec, we are further securing our supply of raw materials from this important region and strengthening our value chain. We are excited to extend our footprint to Abitibi and will work hard with the local team to earn the trust of our new host communities."
Gerry Legault, outgoing owner of Legault Métal Inc. said he will support the ArcelorMittal Long Products Canada team to ensure a smooth transition of operations over the coming months. The approximately 100 people who are currently working for Legault Métal remain employed by the company as of the transaction date.
ArcelorMittal Long Products Canada currently owns a recycling and scrap processing center in Contrecoeur, Quebec. This facility processes approximately 800,000 metric tons of scrap per year used within the two ArcelorMittal steelworks to make new steel. Over the last two years, ArcelorMittal has announced strategic investments of more than CAD 160 million in its steelmaking facilities in Quebec to improve its performance, reduce its environmental footprint and ensure its sustainability.