(Nucor, 16.Oct.2023) — Nucor Corporation (NYSE: NUE) announced an acquisition today on behalf of its recycling subsidiary River Metals Recycling (RMR). RMR has acquired all Cincinnati-based Garden Street Iron & Metal assets, including one feeder and one shredder yard, bringing RMR’s total number of recycling facilities to 19. This is consistent with Nucor’s raw materials strategy and demonstrates its commitment to expanding the regional recycling platforms supporting the company’s steel mills.
“We are excited to welcome the Garden Street teammates to the RMR/Nucor family,” said Bob Eviston, Vice President and General Manager of RMR. “This key strategic acquisition will allow us to increase our supply of sustainable raw materials for our growing steelmaking capacity in the region.”
The 43 employees of Garden Street have been offered positions with RMR. The acquisition will broaden RMR’s footprint in the industry, and the company will institute its best-in-class equipment, operational protocols, and safety standards at the facility, which will be rebranded under the RMR name. RMR is proud to carry on the legacy of Garden Street, which has operated in Cincinnati since 1958, and proud to be part of the sustainable steel supply chain.
In December 2021, another Nucor scrap recycling affiliate, Trademark Metals, purchased Garden Street’s recycling facilities in Fort Myers, Florida.
RMR is the largest scrap recycler in Kentucky and the Greater Cincinnati area, and operates locations in Indiana, Kentucky, Ohio and West Virginia. RMR is a wholly owned subsidiary of Cincinnati-based, The David J. Joseph Company (DJJ), a Nucor subsidiary, which is one of the largest scrap brokers/processors in the United States, providing scrap brokerage, recycling and transportation services.