Nucor's (NUE) Affiliates Announce Two Acquisitions

October 4, 2021 5:56 AM EDT

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Nucor Corporation (NYSE: NUE) announced two acquisitions today on behalf of The David J. Joseph Company (DJJ). The addition of these new recycling locations, representing a 10% growth in capacity, is consistent with Nucor's growth strategy and demonstrates our commitment to expanding the regional recycling platforms supporting our steel mills.

On September 30, Advantage Metals Recycling (AMR) completed the purchase of Grossman Iron and Steel located in St. Louis, Missouri. This acquisition brings AMR's total number of recycling facilities to twelve. "We are pleased to welcome the Grossman teammates to the AMR/Nucor family. They are well positioned to support our growing steelmaking capacity along the Mississippi and Ohio river system," said Mark Schaefer, AMR Vice President and General Manager.

Trademark Metals Recycling LLC (TMR) has agreed to purchase the assets of Garden Street Iron & Metal Inc. located in Fort Myers, Florida. This transaction will close on October 4, subject to normal closing conditions. This acquisition brings TMR's total number of recycling facilities to twenty-six. "The Garden Street teammates are a welcome addition to the TMR/Nucor team and will seamlessly add to our strong presence in the Florida market," said Brian Phillippi, TMR General Manager.

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