Portland, Ore.-based Schnitzer Steel Industries Inc. has acquired Maui, Hawaii-based SOS Metals Island Recycling. Terms of the transaction were not disclosed.
SOS Metals Island Recycling has been collecting, processing and recycling scrap metal from the Maui community for approximately five years.
“Schnitzer Steel's longstanding commitment to Hawaii has contributed greatly to the diversity of our global platform, both in terms of supply and distribution,” said Tamara Lundgren, CEO of Schnitzer Steel Industries, in a statement. “This transaction continues our strategy of expanding our metals recycling business in order to better serve our customers throughout the world.”
“We will continue to be a household name for recycling in Maui,” added Sandy Shadrow, president of SOS Metals Island Recycling. “Schnitzer Steel and our employees remain committed along with our neighbors and leaders to keeping our beautiful island of Maui clean.”