CMA makes acquisition.CMA CMA - Concert Multithread Architecture from DEC. Corporation Ltd. has announced the acquisition of Riverside Metal Industries, a scrap metal company in New South Wales New South Wales, state (1991 pop. 5,164,549), 309,443 sq mi (801,457 sq km), SE Australia. It is bounded on the E by the Pacific Ocean. Sydney is the capital. The other principal urban centers are Newcastle, Wagga Wagga, Lismore, Wollongong, and Broken Hill. , Australia. The acquisition is subject to a number of conditions, including final board approval. CMA will pay about $5.5 million for the business. Riverside Metal Industries operates a scrap metal yard and manufactures copper, aluminum and lead-based ingots for the foundry industry in Australia and overseas. The business has distributors in New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , Victoria, Queensland, South Australia and Western Australia. Paul Adams, CMA's managing director says, "Riverside Metal Industries represents an ideal opportunity for CMA to expand its operations in the Australian scrap metal industry, including the value-add services of ingot ingot Mass of metal cast into a size and shape such as a bar, plate, or sheet convenient to store, transport, and work into a semifinished or finished product. The term also refers to a mold in which metal is so cast. manufacturing." |
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