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Schnitzer Steel Industries Inc., based in Portland, Oregon, announced that it has purchased the operating assets of Encore Recycling LLC, including two facilities in the Atlanta metro area. One of the two facilities includes a metal shredding operation and Encore also has a recycled auto parts center.
Founded in 2013, Encore, based in Jefferson, Georgia, purchases and processes end-of-life vehicles, appliances, and additional ferrous and non-ferrous materials from local recyclers and industrial, commercial, and individual customers, says Schnitzer.
“Encore sells its recycled products to steel mills and foundries in the Southeast, the fastest growing steel and industrial manufacturing region in the country,” adds the multi-site acquisition company.
Acquisition of Encore’s assets follows Schnitzer’s 2021 purchase of eight recycling facilities from Columbus Recycling and expands the company’s Southeast regional footprint to 24 recycling facilities in Alabama, Georgia , in Kentucky, Mississippi and Tennessee, the company says.
“The acquisition of Encore will expand our platform and offerings in the robust Southeast market by establishing our first shredding operation in the region with immediate scale and significant synergies,” said Tamara Lundgren, Chairman of the Board of administration and CEO of Schnitzer.
“This purchase builds on our recent strategic investments, including our recently opened state-of-the-art heavy media plant in Macon, Georgia, and the purchase of eight recycling facilities from Columbus Recycling last October,” she continues. “The addition of the Encore assets is consistent with our growth strategy to expand metal recycling operations to meet anticipated increases in demand for steel and non-ferrous metals, in part due to the global shift to technologies low carbon. While a variety of solutions will be needed as industries, communities and governments actively pursue carbon reduction, the increased use of recycled metals is an immediately feasible path.
In 2021, Encore’s facilities processed approximately 90,000 tonnes of scrap metal and 7,000 tonnes of non-ferrous scrap metal, in part from the handling of 20,000 end-of-life vehicles.
Schnitzer says it plans to make capital and other investments in the acquired facilities, including for environmental projects and programs such as a milling enclosure and emissions control system, infrastructure upgrades and the implementation of a refrigerant recovery management program approved by the United States Environmental Protection Agency.