Dive Brief:

• Scrap Metal Services (SMS), a metals recycling firm, purchased 360 Degree Metal Recycling Inc.’s scrap metal plant and auto shredder, located in New Carlisle, IN.
• The shredded scrap fabricated at the Indiana facility will be sold and transported to the Midwest. 
• Auto shredder residue will be delivered to another SMS property in Blue Island, IL.

Dive Insight:

SMS operates over 20 locations in the U.S. and Mexico. The company is known for services like ship breaking, oil rig dismantling, scrap processing, and auto salvage. The Chicago, IL-based SMS reports that the company was looking for an opportunity to acquire a major auto shredding business in Northern Indiana or Chicago.