Nucor has announced an acquisition on behalf of its recycling subsidiary River Metals Recycling (RMR). RMR has acquired all Cincinnati-based Garden Street Iron & Metal assets, including one feeder and one shredder yard, bringing RMR's total number of recycling facilities to 19.
In a press release, Nucor said the acquisition is consistent with its raw materials strategy and “demonstrates its commitment to expanding the regional recycling platforms supporting the company's steel mills.”
The 43 employees of Garden Street have been offered positions with RMR. Nucor said the acquisition will broaden RMR's footprint in the industry, and the company will institute its best-in-class equipment, operational protocols, and safety standards at the facility, which will be rebranded under the RMR name.
In December 2021, another Nucor scrap recycling affiliate, Trademark Metals, purchased Garden Street's recycling facilities in Fort Myers, Florida.
RMR is the largest scrap recycler in Kentucky and the Greater Cincinnati area, and operates locations in Indiana, Kentucky, Ohio and West Virginia. RMR is a wholly owned subsidiary of Cincinnati-based, The David J. Joseph Company (DJJ), a Nucor subsidiary, which is one of the largest scrap brokers/processors in the United States, providing scrap brokerage, recycling and transportation services.