Nucor Buys Scrap Processing Company

March 2, 2010
Company continues to expand subsidiary acquired in 2008.

Steel producer Nucor Corp. acquired Ocala Recycling LLC through its subsidiary The David J. Joseph Co. for an undisclosed amount as part of the company's plan to grow its scrap-processing industry and expansion plans in Florida, Nucor said March 1.

Ocala Recycling, a subsidiary of Blaze Metals LLC, operates four Ocala, Fla., facilities. The four yards, which includes an automobile shredder, totals more than 100,000 tons annually. With the addition of Ocala, DJJ operates a total of 15 automobile shredders throughout its facilities.

Ocala Recycling was founded in 1988 and currently employs 90 people.

DJJ will operate the Ocala Recycling facilities as part of Trademark Metals Recycling LLC.

Since Nucor acquired DJJ in March 2008, DJJ has added approximately 1.1 million tons of scrap processing capacity and 27 locations through five acquisitions and opened two greenfield yards, the company said.

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