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Schnitzer Steel to acquire Amix Salvage Sales in Canada

Schnitzer Steel Industries Inc announced that it has entered into a definitive agreement to acquire substantially all of the assets of Amix Salvage & Sales Ltd of Vancouver in Canada.

Amix Salvage & Sales’ metal recycling operations have served British Columbia with two sites in Surrey, and one site each in Chilliwack, Nanaimo, Edmonton, and Fort McMurray. It has operated from its current base of operations at Surrey, British Columbia for 39 years. Terms of the transaction were not disclosed.

Mr Tamara Lundgren CEO of Schnitzer Steel Industries said “The relationship between Schnitzer Steel and Amix Salvage & Sales began over 15 years ago. Joining our two operating platforms creates an exciting new opportunity for both companies. Growth remains a fundamental component of our strategy, and this acquisition represents a significant expansion into the Western Canadian market for Schnitzer Steel.”

Mr Don Hamaker president of Schnitzer Steel’s Metals Recycling Business added “Amix Salvage & Sales and Schnitzer Steel have teamed up to expand our market in Western Canada. The addition of six sites in British Columbia and Alberta, Canada will serve our customers well both now and into the future. We are pleased to welcome the new employees to Schnitzer Steel.”

Mr Willie Jackson president of Amix Salvage & Sales said “Our success has been built on two fundamentals: our people and their love of the business. I look forward to continuing our success together with Schnitzer Steel.”

Schnitzer Steel Industries, Inc. is one of the largest manufacturers and exporters of recycled ferrous metal products in the United States with 46 operating facilities located in 14 states and Puerto Rico.

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