16
Jun
01:00
Asian investment company buys US scrap recycler Metalico
US scrap recycler Metalico has been sold to Total Merchant Limited for $105 million in cash.
Total Merchant is an investment vehicle controlled by Chung Sheng Huang, managing director of Asian scrap metal recycler, Ye Chiu Group. The group operates facilities in China and Malaysia. Total Merchant was formed to find opportunities in the US metals and commodities markets, Kallanish understands.
A Total Merchant subsidiary will merge with and into Metali…
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