Southern holdings, metal management sell Southern Recycling.Metal Management Inc. of Chicago and Southern Holdings LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control of New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded have announced the sale of Southern Recycling LLC to European Metal Recycling Ltd. (EMR (ElectroMagnetic Radiation) The emanation of energy from everything in the universe. Although the EMR from electrical and electronic devices is typically measured for practical, every-day situations, every object, including humans, emanates energy. ) for $161.4 million in cash. Southern Recycling, headquartered in Covington, La., is the largest scrap metal recycler in the Gulf Coast region with 15 facilities in Louisiana, Alabama, Mississippi and Florida. Prior to completion of the transaction, Southern Holdings LLC owned 71.5 percent of Southern Recycling, and Metal Management owned the remaining 28.5 percent. "EMR's valuation presented an outstanding opportunity to realize a significant and immediate cash return on Metal Management's investment in Southern Recycling," Daniel Dienst, chairman, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Metal Management, says. "We have enjoyed a profitable relationship with the Southern team and thank their managers and employees for all of their contributions through the years." Edward Diefenthal, co-owner and CEO of Southern Holdings, says, "Since 1900, our family has been in the metals recycling business, and today Southern Recycling is among the largest recyclers of scrap metal in the U.S." He adds, "Though bittersweet bittersweet, name for two unrelated plants, belonging to different families, both fall-fruiting woody vines sometimes cultivated for their decorative scarlet berries. for my family, EMR's earnest interest convinced us to sell our stake in Southern Recycling." |
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