Chicago-based Sims Metal Management, a metal and electronics recycling company has acquired the assets of Fairless Iron & Metal, a metal recycler based in Morrisville, Pa. Terms of the transaction were not disclosed.

“We welcome Tom and Mike Mazza and their talented employees to the Sims Metal Management family,” said Daniel W. Dienst, group chief executive officer of Sims, in a press release. “We look forward to their many contributions to our business for the years to come as we collectively focus on shareholder returns and an unwavering commitment to safety, the environment and the communities in which we operate.”