On December 14, US-based scrap recycler Schnitzer Steel Industries, Inc. (Schnitzer Steel) announced that it has entered into a definitive agreement to acquire all assets of Vancouver, Canada-based scrap metal recycler Amix Salvage & Sales, Ltd. (Amix).
According to a Schnitzer Steel release, Amix's metal recycling operations in British Columbia and Alberta include two sites in Surrey, and one site each in Chilliwack, Nanaimo, Edmonton, and Fort McMurray. It has operated from its current base of operations at Surrey, British Columbia for 39 years.
"The addition of six sites in British Columbia and Alberta, Canada will serve our customers well both now and into the future. Growth remains a fundamental component of our strategy, and this acquisition represents a significant expansion into the Western Canadian market for Schnitzer Steel," said Tamara Lundgren, CEO of Schnitzer Steel.
The terms of the transaction were not disclosed.