Company of Merchants completed the acquisition of C&D Scrap Metal, H-Town Scrap Metal and Fort Bend Recycling.

Company of Merchants, an owner and operator of industrial facilities in the Gulf Coast region, including existing investments in metal recycling facilities, vehicle storage facilities, and collision centers, completed the acquisition of C&D Scrap Metal, H-Town Scrap Metal and Fort Bend Recycling, scrap metal services providers. Financial terms were not disclosed. The acquisition by Company of Merchants reflects its business strategy to develop a network of convenient metal recycling facilities that efficiently serve its B2B customers and educate B2C residential communities on the benefits of recycling household items. These facilities will elevate the customer experience and accessibility to residential, contractor, and commercial/industrial customers by providing facilities that are innovative in design, operation, and service - including transparent weighing, competitive pricing, technological enhancements, and safe environments.