Schnitzer Steel acquires advanced recycling.Schnitzer Steel Industries has announced that it has reached a definitive agreement to acquire the assets of Max Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. and Sons, dba Advanced Recycling, a metals recycler with four processing facilities located in New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). . Advanced Recycling handles about 250,000 tons of ferrous scrap metal and 25 million pounds of nonferrous scrap metal annually. "This acquisition is consistent with our strategy of expanding our presence in New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. and leveraging the infrastructure investments we have been making at our facilities in the area," John Carter John Carter may refer to:
Upon completion of the acquisition, Steven Cohen, president of Advanced Recycling, will become the director of Schnitzer's Northern New England operations. The acquisition is expected to close before the end of the calendar year. |
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