I'd like to be the first to welcome Nucor Corporation (NYSE: NUE)
Trademark Metals Recycling LLC (TMR), and the
David J Joseph Company to Fort Myers-Lee County as the new owners of "Garden Street Metals and Recycling"!
The legacy of Garden Street, which NUE and DJJ closed on yesterday(October 4 2021)is strong in Fort Myers, and the owners were some of the most respected people I've ever been blessed to know. Rob and Lynda Weber have never said no to helping our community, and I wish them all the best in their retirement and the next phase of their lives!
Nucor Corporation (NYSE: NUE) announced two acquisitions today on behalf of The David J. Joseph Company (DJJ). The addition of these new recycling locations, representing a 10% growth in capacity, is consistent with Nucor's growth strategy and demonstrates our commitment to expanding the regional recycling platforms supporting our steel mills.
On September 30, Advantage Metals Recycling (AMR) completed the purchase of Grossman Iron and Steel located in St. Louis, Missouri.
Trademark Metals Recycling LLC (TMR) purchased the assets of Garden Street Iron & Metal Inc. located in Fort Myers, Florida. This transaction closed on October 4, 2021. This acquisition brings TMR's total number of recycling facilities to twenty-six. "The Garden Street teammates are a welcome addition to the TMR/Nucor team and will seamlessly add to our strong presence in the Florida market," said Brian Phillippi, TMR General Manager.
About Nucor
Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; steel grating; and wire and wire mesh. Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.
About The David J. Joseph Company
Founded in 1885, The David J. Joseph Company is a Cincinnati-based subsidiary of Nucor Corporation. DJJ is one of the largest scrap brokers/processors in the United States providing scrap brokerage, recycling and transportation services. Including these acquisitions, DJJ operates over 60 scrap recycling facilities, and thirteen U-Pull-&-Pay self-service used auto parts stores. AMR and TMR are both wholly owned by DJJ.
About Garden Street Iron & Metal
Established in 1989, Garden Street operates three full-service ferrous and nonferrous scrap metal recycling facilities, including an automobile shredder and a self-serve used auto parts store in Southwest Florida.
Earl Weber Jr. The late Earl Weber Sr, Rob Weber
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