Commercial Metals Company announced earlier this week that, through its wholly-owned subsidiary, Structural Metals, Inc., the company completed the transaction for the purchase of substantially all of the assets of Texas-based Newell Recycling of San Antonio, LP. Newell Limited retains the Media Plant operation located at the site, as well as the shredder operations of Newell Recycling in Eagle Pass, Texas.
This acquisition of the assets of Newell Recycling continues the vertical integration of CMC by providing raw materials for its CMC Steel Texas location, establishes a larger recycling presence in San Antonio, Texas, and provides an opportunity for continued growth of our recycling operations in the Central Texas Area.