Toyota Tsusho Corporation (Toyota Tsusho) has completed the acquisition of all shares of U.S.-based Radius Recycling, Inc. (Radius) through Toyota Tsusho America, Inc.
Radius, headquartered in Portland, Oregon, is one of North America’s major recycling companies, operating an extensive network of over 100 locations, including automobile dismantling and metals recycling facilities throughout the United States, Canada and Puerto Rico along with an electric arc furnace steel mill in Oregon. Using this network, Radius excels in acquiring, processing and recycling ferrous and nonferrous metals, providing a stable supply of high-quality recycled materials through advanced processing and sorting technologies to customers across the U.S. and throughout the world.
Through the combination of Radius’ strengths and Toyota Tsusho’s capabilities in building a closed-loop supply chain centred on recycled materials, the transaction will strengthen the supply of high-quality recycled materials in North America and promote decarbonisation in global manufacturing industries with the addition of Radius’ innovative manufacturing processes.