Commercial Metals Company announced it has acquired all the assets of Tennessee-based metal recycling company Roane Metals Group LLC.
Roane is capable of processing approximately 85,000 tons of ferrous and non-ferrous materials annually at its two facilities located in Tennessee. The majority of volumes relate to obsolete ferrous scrap grades consumed by CMC's long product mills.
In a press release, CMC said the acquired assets are expected to “enhance the security and supply of competitively priced inputs to CMC's steelmaking operations.”