Scrap Processors: Shredders

Metalico Sold to Chinese Firm Total Merchant Ltd.

Metalico, Inc., a U.S. scrap metal processor, has been sold to Chinese investment firm Total Merchant Limited for approximately $105 million. In an announcement on Tuesday, Metalico said it will become a wholly owned subsidiary of Total Merchant and expects to close the transaction by August 31, 2015, subject to shareholder approval and customary closing […] The post Metalico Sold to Chinese Firm Total Merchant Ltd. appeared first on Steel Market Update.