Sims Metal to acquire Queensland-based metal recycler

Sims Metal Management, a metal and electronic recycling company, announced that its subsidiary Sims Group Australia Holdings Ltd (SimsMM Australia) had signed an agreement for the purchase of the assets of Commercial Metal Recycling Services (CMRS), a metal recycler that operates a network of eight yards across Queensland, Australia. Darron McGree, managing director of SimsMM Australia, said, "CMRS is a good strategic fit for our Queensland metal recycling business due to its diverse geographic footprint and strong local capability." The acquisition is subject to clearance from the Australian Competition & Consumer Commission. The financial terms of the transaction were not disclosed, however, the purchase price consideration is not material to Sims Metal Management Ltd.Air Jordan 2017 Casual Shoes