Sims Metal to acquire Baltimore Scrap for $177m.

Sims Metal, a global metal recycler, agreed to acquire Baltimore Scrap, a scrap metal removal service provider, for $177m. “Baltimore Scrap Corp is a company we have admired for many years. They have a strong management team who has built an excellent business over many years. This acquisition is a highly complementary fit with our strategy to expand the metal recycling business in North America and increase our diversity of sales channels to growing US domestic demand for ferrous and non-ferrous scrap metal. I welcome the Baltimore Scrap Corp team and their group of affliates to the Sims family,” Alistair Field, Sims CEO and Managing Director.