Sims Limited (ASX:SGM) agreed to acquire Assets of Atlantic Recycling Group, LLC for $37 million on December 16, 2021. Total consideration for the acquisition is $37 million plus working capital adjustments. The acquisition price implies an EV/EBITDA multiple of 4.2x on a pre-synergies basis. Post completion, the team at Atlantic Recycling will become part of Sims Limited. The transaction is expected to reach financial close on January 1, 2022. David J. Malliband of Baker & McKenzie LLP acted as legal advisor to Sims Limited.

Sims Limited (ASX:SGM) completed the acquisition of Assets of Atlantic Recycling Group, LLC on January 1, 2022.