CHICAGO & SYDNEY--(BUSINESS WIRE)--Sims Metal Management Limited, through its electronics recycling division Sims Recycling Solutions (SRS), has expanded its North American operations by acquiring the assets of Elkridge, Maryland based E-Structors Inc.
E-Structors is one of the largest electronics recyclers in Maryland, Washington D.C, and Virginia and provides electronics recycling and document destruction services to companies across the United States. E-Structors’ clients include educational and financial institutions, government agencies, health care systems and medical centers, private and public corporations, and national electronics retailers.
“With the acquisition of E-Structors, SRS continues to increase the size of its U.S. footprint. Having a location near Washington, D.C., will allow SRS to not only build on the great partnerships we have with federal agencies but more efficiently service our existing government agreements, including our five-year Department of Defense contract,” stated Steve Skurnac, President, SRS, Americas. “We are very pleased to welcome the E-Structors’ remarkable employees and management team into the SRS family.”
Founded in 2003 by Mike and Julie Keough, E-Structors soon engineered a ground-breaking electronics shredding system that allowed the company to offer its clients the security of physical destruction and generated a higher quality of processed material. The company’s 160,000-square-foot facility processes over 22 million pounds of material each year.
The financial terms of the transaction were not disclosed, however, the purchase price consideration is not material to Sims Metal Management Limited.
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About Sims Metal Management
Sims Metal Management is the world’s largest listed metal recycler with approximately 270 facilities and 6,600 employees globally. Sims’ core businesses are metal recycling and electronics recycling. Sims Metal Management generated approximately 88 percent of its revenue from operations in North America, the United Kingdom, Continental Europe, New Zealand and Asia in Fiscal 2012. The Company’s ordinary shares are listed on the Australian Securities Exchange (ASX: SGM) and its ADRs are listed on the New York Stock Exchange (NYSE: SMS). Please visit our website (www.simsmm.com) for more information on the Company and recent developments.