Unimetals completed the acquisition of the metals business from Sims for $250m.

Unimetals, a metals recycling and processing business, completed the acquisition of the metals business from Sims, a company specializing in metal recycling and circular solutions for $250m. “We conducted a comprehensive strategic review of UKM, evaluating all options, including a sale, forming a joint venture or restructuring the business. The board concluded that a sale provided the optimal outcome for Sims and its shareholders. By focusing on high-potential markets such as the United States, Australia and New Zealand, where our business position and demand for scrap are stronger, we can effectively leverage our strengths and drive sustainable growth," Stephen Mikkelsen, Sims CEO and Managing Director.