Schnitzer Steel Industries, Inc. (NasdaqGS:SCHN) is seeking acquisitions. Tamara Lundgren, President and Chief Executive Officer of Schnitzer Steel, said, "In addition to the cost reduction and productivity initiatives, we are focused on generating improved returns from our fiscal 2013 capital investments and acquisitions, and from continuing to increase the synergies between our Metals Recycling and Auto Parts Businesse."
Radius Recycling, Inc., formerly Schnitzer Steel Industries, Inc., is a manufacturer and exporter of recycled metal products. The Company also operates a third-party recycling (3PR) service, which includes materials management, reverse logistics, railcar dismantling, and vehicle recycling services. The Company operates scrap recycling facilities in 25 states, western Canada, and Puerto Rico. It has 54 metals recycling facilities, including seven shredding operations. The Companyâs integrated operating platform also includes 50 stores which sell serviceable used auto parts from salvaged vehicles and receive over four million annual retail visits. Its steel manufacturing operations produce finished steel products, including rebar, wire rod, and other specialty products. The Company has seven deep water export facilities located on both the East and West Coasts and in Hawaii and Puerto Rico. The Company's subsidiaries include Auto Parts Group Southwest, LLC, Edman Corp., and others.