AIM to Buy Liberty Iron & Metal's Assets in USA
American Iron & Metal Recycling Group has agreed to purchase the US assets of Liberty Iron & Metal Inc. AIM will pay Liberty USD 17.3 million for its assets, USD 2.5 million for inventory and USD 12.7 million for four properties. Liberty has a location in Erie in Pennsylvania and two in Phoenix in Arizona. Also included in the sale is a yard the company operated in Buffalo in New York under the name DHS.
Liberty was founded in 1932 and is a wholly owned subsidiary of Chiho Environmental Group Ltd. The company has a location in Chihuahua in Mexico as well, but that location was not included in the disclosure.
AIM is a Canadian business founded in 1936 in Montreal with over 3,000 employees and 90 locations globally.