M&A Deal Summary

Sims Metal Acquires Baltimore Scrap

On August 15, 2023, Sims Metal acquired environmental company Baltimore Scrap for 177M USD

Acquisition Highlights
  • This is Sims Metal’s 5th transaction in the Environmental sector.
  • This is Sims Metal’s largest (disclosed) transaction.
  • This is Sims Metal’s 3rd transaction in the United States.
  • This is Sims Metal’s 2nd transaction in Maryland.

M&A Deal Summary
Date 2023-08-15
Target Baltimore Scrap
Sector Environmental
Buyer(s) Sims Metal
Deal Type Add-on Acquisition
Deal Value 177M USD

Target

Baltimore Scrap

Baltimore, Maryland, United States
website
Baltimore Scrap is a metal recycler. BSC’s operations include four shredders and extensive rail, barge and port infrastructure, and the business is well-positioned with attractive proximity to both growing domestic demand markets and export. Baltimore Scrap was founded in 1991 and is based in Baltimore, Maryland.

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Buyer(S) 1

Buyer

Sims Metal

Mascot, Australia

website

Category Company
Founded 1917
Sector Environmental
Employees3,862
Revenue 4.9B AUD (2020)
DESCRIPTION

Sims Metal is a metal recycler, with operations encompassing the buying, processing and selling of ferrous and non-ferrous recycled metals. Sims was founded in 1917 and is based in Mascot, Australia.

DEAL STATS #
Overall 7 of 7
Sector (Environmental) 5 of 5
Type (Add-on Acquisition) 6 of 6
State (Maryland) 2 of 2
Country (United States) 3 of 3
Year (2023) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-21 Northeast Metal Traders

Philadelphia, Pennsylvania, United States

Northeast Metal Traders is a non-ferrous scrap metal wholesaler and broker, operates a single-scale site in Philadelphia and has extensive supplier and end-consumer relationships that stretch across the eastern United States. Northeast Metal Traders is based in Philadelphia, Pennsylvania.

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