Nucor announces Ocala Recycling acquisition by The David J. Joseph Company

Tuesday, 02 March 2010 02:06:51 (GMT+3)   |  
Nucor Corporation Monday announced its wholly owned subsidiary, The David J. Joseph Company (DJJ), has acquired the assets and business of Ocala Recycling LLC, currently a subsidiary of Blaze Metals LLC.

Ocala Recycling operates four Ocala Florida facilities, including one automobile shredder. Production at the four yards combined totals over 100,000 tons annually. With the addition of Ocala, DJJ operates a total of 15 automobile shredders throughout its facilities.

DJJ will operate the Ocala Recycling facilities as part of Trademark Metals Recycling LLC (TMR). "It is with pleasure that we welcome Ocala Recycling employees to the Nucor family," said Keith Grass, DJJ's President and CEO.  "We look forward to having them on our team."

This acquisition represents another step in Nucor's previously announced plan to utilize DJJ as a platform for continued growth in the scrap processing industry and, specifically, Trademark Metals Recycling's plan to expand in North/Central Florida. Since DJJ joined the Nucor Family in March of 2008, DJJ has added approximately 1.1 million tons of scrap processing capacity and 27 locations through five acquisitions and opened two greenfield yards.


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