Schnitzer Announces the Acquisition of Encore Recycling's Operating Assets in the Atlanta Metro Area
Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) is pleased to announce that it has purchased the operating assets of Encore Recycling LLC (Encore) in the greater Atlanta Metro area. The acquisition closed on April 29th and encompasses two full-service recycling facilities, including a metal shredding operation and recycled auto-parts center.
Founded in 2013, Encore has a well-established customer-focused business that purchases and processes end-of-life vehicles, appliances, and additional ferrous and nonferrous materials from local recycling companies and industrial, commercial, and individual customers. Encore sells its recycled products to steel mills and foundries throughout the Southea
