M&A Deal Summary

CMA Acquires Bay Scrap Metals

On April 3, 2008, CMA acquired environmental company Bay Scrap Metals for 3M USD

Acquisition Highlights
  • This is CMA’s 7th transaction in the Environmental sector.
  • This is CMA’s 5th largest (disclosed) transaction.
  • This is CMA’s 2nd transaction in New Zealand.

M&A Deal Summary

Date 2008-04-03
Target Bay Scrap Metals
Sector Environmental
Buyer(s) CMA
Deal Type Add-on Acquisition
Deal Value 3M USD

Target

Bay Scrap Metals

Tauranga, New Zealand
Bay Scrap Metals Ltd. is a scrap metal recycling based in New Zealand. The company owns and operates a non-ferrous yard for recycling of aluminum and copper.

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Buyer(S) 1

Buyer

CMA

Sydney, Australia

Category Company
Founded 1973
Sector Environmental
DESCRIPTION

CMA Corporation Ltd is a integrated Australian based metal recycling group with operations in the sourcing, supply, processing, smelting and exporting of scrap metal. The Company also has contracting operations in resource sector plant de-commissioning, industrial demolition, site clearance, remediation and marine works.


DEAL STATS #
Overall 8 of 8
Sector: Environmental M&A 7 of 7
Type: Add-on Acquisition M&A Deals 7 of 7
Country: New Zealand M&A 2 of 2
Year: 2008 M&A 1 of 1
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-19 Meretec Steel Recycling Plant

Chicago, United States

Meretec Steel Recycling Plant use the process to recycle galvanized steel to capture the zinc from the coatings, the facility will initially recycle 125,000 metric tons of galvanized steel a year to produce around 2,000 metric tons of a high grade zinc particulate and about 122,000 metric tons of black steel.

Buy $8M