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AUSTRALIAN METAL RECYLER SIMS PLANS COMPANY CONSOLIDATION.
SYDNEY, Oct 1 Asia Pulse - The world's largest recycler of scrap metal, Sims Group Ltd (ASX:SGM), said it would concentrate on integrating Metal Management Inc before it expanded further into the US ferrous and non-ferrous recycling markets.
The planned merger, which is valued at about $US1.6 billion ($A1.85 billion) is expected to create the largest metal recycling business in North America.
The combined entity will have more than 200 global operations in its portfolio.
Sims chief executive Jeremy Sutcliffe told ABC's Inside Business that the merged company would be looking to expand through acquisitions, but not right away.
"I think this is a pretty big step for us but it's not the only step, but we've really got to keep the integration and the extraction of the synergies as our number one priority," Mr Sutcliffe said.
"I mean we're not ...
- Media Tour Invitation - Sims Recycling Solutions Canada to Conduct Media Tour...
- News wire article from: The America's Intelligence Wire April 21, 2009 700+ words
...April 22, 2009 . Sims Recycling Solutions Canada is part of Sims Recycling Solutions, the world's largest electronics...Australia and Asia . Sims Recycling Solutions is a subsidiary of Sims Metal Management, a $8 billion (Australian...
- AUSTRALIA'S SIMS TO MERGE WITH US-BASED METAL MANAGEMENT.
- News wire article from: AsiaPulse News September 25, 2007 700+ words
...Mr Sutcliffe said. Metal Management is one of the largest...company, to be called Sims Metal Management, and will chair Sims...He will also chair Sims Recycling Solutions globally. Metal Management chief executive Daniel...
- Metal Management Completes Merger with Sims Group Limited.
- Press release article from: Business Wire March 14, 2008 700+ words
...Metal Management, Inc. Metal Management is one of the largest...more information about Metal Management, Inc., visit Metal Management's website at www...emerging business in recycling solutions. Sims earns around 70...
- Metal Management Stockholders Approve Merger with Sims Group Limited.
- Press release article from: Business Wire March 14, 2008 700+ words
...Metal Management, Inc. Metal Management is one of the largest...more information about Metal Management, Inc., visit Metal Management's website at www...emerging business in recycling solutions. Sims earns around 70...
- SIMS METAL MANAGEMENT ACQUIRES THE ASSETS OF FAIRLESS IRON & MET.
- News wire article from: AsiaPulse News July 3, 2009 700+ words
...IL-SIMS-METAL-MANAGEMENT)(SGM.ASX...ManagementSims Metal Management (www.simsmm...metal recycling and recycling solutions. Sims earns around...SMS). Sims Metal Management LimitedDaniel StrechayCommunications...
- SIMS METAL MANAGEMENT LIMITED EARNINGS UPDATE.
- News wire article from: AsiaPulse News May 4, 2009 700+ words
...IL-SIMS-METAL-MANAGEMENT)(SGM.ASX...ManagementSims Metal Management (www.simsmm...metal recycling and recycling solutions. Sims earns around...SMS). Sims Metal Management LimitedDaniel Strechay...
- SIMS METAL MANAGEMENT EARNINGS UPDATE.
- News wire article from: AsiaPulse News January 23, 2009 700+ words
...Australian dollars. About Sims Metal Management Sims Metal Management (www.simsmm.com...are metal recycling and recycling solutions. Sims earns around 80...NYSE SYMBOL: SMS). Sims Metal Management Dan Dienst Group Chief...
- Sims Metal Management Acquires the Assets of Fairless Iron & Metal, LLC.
- Press release article from: Business Wire July 2, 2009 700+ words
...amp; SYDNEY -- Sims Metal Management Limited (ASX: SGM...release. About Sims Metal Management Sims Metal Management (www.simsmm.com...are metal recycling and recycling solutions. Sims earns around 80...
- SIMS METAL MANAGEMENT ACQUIRES UK-BASED BIRMINGHAM.
- News wire article from: AsiaPulse News February 18, 2009 700+ words
...Australian dollars. About Sims Metal Management Sims Metal Management (www.simsmm.com...are metal recycling and recycling solutions. Sims earns around 80...SYMBOL: SMS). For Sims Metal Management Limited Dan Dienst Group...
- Sims Metal Management Limited Earnings Update.
- Press release article from: Business Wire May 4, 2009 700+ words
...including statements about Sims Metal Management's financial condition...Australian dollars. About Sims Metal Management Sims Metal Management (www.simsmm.com...are metal recycling and recycling solutions. Sims earns around 80...
Source: HighBeam Research, AUSTRALIAN METAL RECYLER SIMS PLANS COMPANY CONSOLIDATION.