Synopsis: Nucor Corporation's recycling subsidiary, River Metals Recycling, has acquired Cincinnati-based Garden Street Iron & Metal assets, increasing its recycling facilities to 19. The acquisition aligns with Nucor's raw materials strategy, fortifying its commitment to regional recycling platforms. RMR plans to integrate its expertise and safety standards, rebranding the facility under the RMR name. This move highlights the company's dedication to sustainable steel production and expanding its steelmaking capacity in the region.Article:In a strategic move to bolster its recycling capabilities, Nucor Corporation's subsidiary, River Metals Recycling (RMR), has announced the acquisition of all assets belonging to Garden Street Iron & Metal, a Cincinnati-based recycling company. This acquisition amplifies RMR's network of recycling facilities, bringing the total count to an impressive 19. The expansion is in alignment with Nucor's overarching raw materials strategy, further reinforcing its dedication to supporting the steel mills within the region.Growing the Family: The acquisition extends a warm welcome to the 43 employees of Garden Street, offering them positions within the RMR family. This key strategic move is poised to enhance the supply of sustainable raw materials, specifically tailored to fuel the expanding steelmaking capacity in the region. Bob Eviston, Vice President and General Manager of RMR, expresses excitement about this significant acquisition, recognizing its potential to significantly impact the company's steel production efforts.Integration and Rebranding: RMR intends to leverage its expertise and stringent safety standards by implementing them at the newly acquired facility. As part of the transition, the facility will be rebranded under the RMR name, symbolizing the company's commitment to upholding its legacy of excellence. Garden Street Iron & Metal, an established entity in Cincinnati since 1958, is now set to become a vital link in the sustainable steel supply chain under the RMR umbrella.A Continuing Journey: This isn't the first time Nucor's recycling affiliates have ventured into the Garden Street universe. In December 2021, Nucor's scrap recycling affiliate, Trademark Metals, acquired Garden Street's recycling facilities in Fort Myers, Florida. This extended collaboration reinforces the company's dedication to expanding its recycling capacities and strengthening its position in the industry.About RMR and Nucor: River Metals Recycling (RMR), the largest scrap recycler in Kentucky and the Greater Cincinnati area, operates across Indiana, Kentucky, Ohio, and West Virginia. RMR is a wholly owned subsidiary of The David J. Joseph Company (DJJ), also a Nucor subsidiary and one of the largest scrap brokers/processors in the United States, offering services like scrap brokerage, recycling, and transportation.A Sustainable Steel Future: Nucor's expansion through the acquisition of Garden Street Iron & Metal underscores its commitment to achieving sustainable and responsible steel production. This strategic move further solidifies the company's presence in the regional recycling sector, contributing to its goal of maintaining an eco-friendly supply chain for the steel industry.ConclusionNucor's River Metals Recycling, with the acquisition of Garden Street Iron & Metal, continues its commitment to sustainable steel production and the growth of its regional recycling capabilities. The integration of the acquired facility under the RMR banner represents a significant step toward a greener and more efficient steel supply chain.
Synopsis: Nucor Corporation's recycling subsidiary, River Metals Recycling, has acquired Cincinnati-based Garden Street Iron & Metal assets, increasing its recycling facilities to 19. The acquisition aligns with Nucor's raw materials strategy, fortifying its commitment to regional recycling platforms. RMR plans to integrate its expertise and safety standards, rebranding the facility under the RMR name. This move highlights the company's dedication to sustainable steel production and expanding its steelmaking capacity in the region.Article:In a strategic move to bolster its recycling capabilities, Nucor Corporation's subsidiary, River Metals Recycling (RMR), has announced the acquisition of all assets belonging to Garden Street Iron & Metal, a Cincinnati-based recycling company. This acquisition amplifies RMR's network of recycling facilities, bringing the total count to an impressive 19. The expansion is in alignment with Nucor's overarching raw materials strategy, further reinforcing its dedication to supporting the steel mills within the region.Growing the Family: The acquisition extends a warm welcome to the 43 employees of Garden Street, offering them positions within the RMR family. This key strategic move is poised to enhance the supply of sustainable raw materials, specifically tailored to fuel the expanding steelmaking capacity in the region. Bob Eviston, Vice President and General Manager of RMR, expresses excitement about this significant acquisition, recognizing its potential to significantly impact the company's steel production efforts.Integration and Rebranding: RMR intends to leverage its expertise and stringent safety standards by implementing them at the newly acquired facility. As part of the transition, the facility will be rebranded under the RMR name, symbolizing the company's commitment to upholding its legacy of excellence. Garden Street Iron & Metal, an established entity in Cincinnati since 1958, is now set to become a vital link in the sustainable steel supply chain under the RMR umbrella.A Continuing Journey: This isn't the first time Nucor's recycling affiliates have ventured into the Garden Street universe. In December 2021, Nucor's scrap recycling affiliate, Trademark Metals, acquired Garden Street's recycling facilities in Fort Myers, Florida. This extended collaboration reinforces the company's dedication to expanding its recycling capacities and strengthening its position in the industry.About RMR and Nucor: River Metals Recycling (RMR), the largest scrap recycler in Kentucky and the Greater Cincinnati area, operates across Indiana, Kentucky, Ohio, and West Virginia. RMR is a wholly owned subsidiary of The David J. Joseph Company (DJJ), also a Nucor subsidiary and one of the largest scrap brokers/processors in the United States, offering services like scrap brokerage, recycling, and transportation.A Sustainable Steel Future: Nucor's expansion through the acquisition of Garden Street Iron & Metal underscores its commitment to achieving sustainable and responsible steel production. This strategic move further solidifies the company's presence in the regional recycling sector, contributing to its goal of maintaining an eco-friendly supply chain for the steel industry.ConclusionNucor's River Metals Recycling, with the acquisition of Garden Street Iron & Metal, continues its commitment to sustainable steel production and the growth of its regional recycling capabilities. The integration of the acquired facility under the RMR banner represents a significant step toward a greener and more efficient steel supply chain.
