Irving-based Commercial Metals Company has completed its acquisition of a Galveston-area metals recycling facility and related assets from Kodiak Resources and Kodiak Properties.
Terms of the deal were not disclosed. The facility processes approximately 55,000 tons of ferrous and non-ferrous materials annually, “with the majority of volumes related to obsolete ferrous scrap grades consumed by CMC’s long product mills,” the company said.
The deal is expected to enhance the security and supply of competitively priced inputs to CMC’s steelmaking operations.
Earlier this week, Barbara Smith, chairman, president, and CEO of Irving-based Commercial Metals Company, was named an EY Entrepreneur Of The Year National Award winner.
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