Congratulations to MFSA member organization Radius Recycling on their recent announcement.
We are excited to share that Radius Recycling has entered into an agreement to be acquired by Toyota Tsusho America, a U.S. subsidiary of Toyota Tsusho Corporation (TTC), accelerating investment in our future growth. This transaction brings together two companies dedicated to advancing the circular economy, building on our longstanding relationship and highly aligned cultures.?? ? As part of TTC, Radius will gain access to increased opportunities for our talented team, broader products and services for our suppliers, customers, and communities, and an expanded platform for our more than 100 operating sites. We will have the ability to benefit from TTC’s financial strength, recycling technology, and experience in providing recycling services to the automotive industry as we work to increase recycling and reduce waste across the industrial, manufacturing, and retail sectors.? ? TTC’s leadership in metals and the automotive industry and successful track record of acquisitions with meaningful investments in the growth and employees of its businesses give us confidence that this transaction will enable Radius to enhance and expand our offerings as part of their larger organization while continuing to drive our strategy forward.?? ? Upon completion of the transaction, Radius will continue to operate from our current headquarters in Portland, Oregon with our teams, operating facilities, strategy, and brands retained. We look forward to embarking on this next chapter in our history with TTC.? ? Read more about our announcement here: https://lnkd.in/e5Yu_rkQ