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Schnitzer Steel Industries acquires Ponce scrap metals recycler in Puerto Rico
(03/10/2008)

Schnitzer Steel Industries, Inc. has announced that it has signed a definitive agreement to acquire Ponce Resources of Salinas, Puerto Rico. Ponce is engaged in the business of collecting, processing, and selling ferrous and nonferrous scrap metal and operates at four locations in the Commonwealth of Puerto Rico. The acquisition is expected to close during Schnitzer’s fiscal first quarter of 2009. Commenting on the agreement, John Carter, Pres... [more]

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