Waste360 is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Sims Metal Sells Aerospace Recycling Unit

Article-Sims Metal Sells Aerospace Recycling Unit

Sims Metal Management Ltd. has sold recycling firm Metal Management Aerospace Inc. to ELG Utica Alloys Inc. for an undisclosed amount.

Metal Management Aerospace, based in Hartford, Conn., specializes in recycling titanium alloys and high temperature metals, according to a news release. Sims Metal said the aerospace operations did not fit with its core business because of the unique aspects of its processing capabilities and associated commodities.

ELG Utica Alloys is based in Utica, N.Y.

Sims Metal Management is based in Sydney, Australia, and is the parent of Chicago-based Sims Recycling Solutions. Sims Metal expects to take a pre-tax loss of about $9 million because of the transaction.

 

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish