SA Recycling completed the acquisition of PSC Metals from Icahn Enterprises for $290m.

SA Recycling, a scrap metal recycling services provider, completed the acquisition of PSC Metals, scrap processor, from Icahn Enterprises, a diversified holding company, for $290m. "Icahn Enterprises acquired its interest in PSC Metals in 2007. Even under challenging circumstances created by volatile commodity markets over the past several years, we executed our activist playbook with this investment – significantly increasing EBITDA. Given the cyclical nature of the company's industry, we believe today's transaction is appropriately timed and provides a very positive outcome for IEP unitholders," Carl Icahn, Icahn Enterprises Chairman.