River Metals Recycling (“RMR”), a wholly-owned subsidiary of The David J. Joseph Company (“DJJ”), has finalized the acquisition of substantially all of the metal recycling assets of Industrial Services of America, Inc. (NASDAQ: IDSA) (“ISA”) pursuant to the definitive agreement executed on August 19, 2019.
ISA operates four metal recycling facilities in Kentucky and Indiana, including an automobile shredder and self-serve auto parts yard in Louisville, KY. RMR operates 11 locations in Kentucky, Ohio, Tennessee, Indiana, Illinois, and Alabama including automobile shredders in Newport and Louisville, KY.
The addition of these locations is consistent with DJJ’s strategy and the commitment to grow its regional recycling platforms. The acquisition also supports an expanding consumer base of ferrous and nonferrous scrap customers in the region.
RMR is pleased to welcome the ISA operations and teammates. RMR is also committed to continuing to provide a high level of service to both existing and new scrap suppliers and consumers.
Founded in 1885, DJJ 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. Nucor and affiliates are manufacturers of steel products, with operating facilities primarily in the U.S. and Canada. Nucor is the leading purchaser of ferrous scrap and the largest recycler in North America. Across the USA, DJJ operates nearly 60 scrap recycling facilities and eleven U-Pull-&-Pay self-service used auto parts stores.