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Gerdau Buys Metal Recycling Firm Cycle Systems

Allan Gerlat

February 4, 2013

1 Min Read
Gerdau Buys Metal Recycling Firm Cycle Systems

Gerdau Long Steel North America has bought certain operating assets of metal recycling firm Cycle Systems Inc. for an undisclosed amount.

Tampa, Fla.-based Gerdau said in a news release the purchase of the Roanoke, Va.-based Cycle Systems expands the company’s presence in the mid-Atlantic region of the United States.

Cycle Systems operates locations throughout central and western Virginia, including a shredder and several feed yards. The company processed nearly 185,000 tons of scrap materials in 2011. Its facilities are in Charlottesville, Covington, Harrisonburg/Broadway, Lynchburg, Martinsville, Pulaski, Roanoke, South Boston and Stuarts Draft/Waynesboro, according to its website.

 “This purchase supports our goal to minimize billet cost by having scrap sources closer to our steel mills,” said Guilherme Johannpeter, president of Gerdau’s North American long steel division. “It will be a great advantage for our mill in Petersburg, Va., and other nearby operations.”
 
 

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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