Nucor Subsidiary Buys Cincinnati Scrap Assets

Written by Ethan Bernard

River Metals Recycling (RMR), a subsidiary of Nucor, has acquired all the Cincinnati-based assets of Garden Street Iron & Metal.

This includes one feeder and one shredder yard of the recycler, Charlotte, N.C.-based Nucor said on Monday. It brings RMR’s total number of recycling facilities to 19. The feeder yard is located in Harrison, Ohio, a Nucor spokesperson told SMU.

The steelmaker noted that in December 2021, another Nucor scrap recycling affiliate, Trademark Metals, bought Garden Street’s recycling facilities in Fort Myers, Fla.

“We are excited to welcome the Garden Street teammates to the RMR/Nucor family,” Bob Eviston, VP and GM of RMR, said in a statement.

“This key strategic acquisition will allow us to increase our supply of sustainable raw materials for our growing steelmaking capacity in the region,” he added.

Nucor said the 43 employees of Garden Street have been offered positions with RMR. Also, the facility will be rebranded under the RMR name.

Fort Mitchell, Ky.-based RMR bills itself as the “largest scrap recycler in Kentucky and the Greater Cincinnati area,” according to the statement. RMR operates locations in Indiana, Kentucky, Ohio, and West Virginia.

It is a wholly owned subsidiary of Cincinnati-based Nucor subsidiary The David J. Joseph Company (DJJ).

The post Nucor Subsidiary Buys Cincinnati Scrap Assets appeared first on Steel Market Update.

Latest in Market