PORTLAND, Ore. — Schnitzer Steel Industries has made three additions to its auto parts business. The three transactions include the acquisition of substantially all of the assets of Waco U-Pull-It Inc. located in Waco, Texas; a facility in Stockton, Calif., that will be developed into a specialty self-service facility; and a property adjacent to one of its facilities in Portland, Ore., which will enable expansion of the existing operation.
“These three transactions continue the expansion of the footprint of our auto parts business and demonstrate the disciplined execution of our stated strategy to develop scale in core supply regions to obtain scrap at its earliest stage of disposal,” said Tamara Lundgren, CEO of Schnitzer Steel Industries. “We are expanding our network of retail Pick-n-Pull stores and continuing to expand in the high-growth Texas market.”
Tom Klauer, president of Schnitzer Steel’s Auto Parts Business, added that Pick-n-Pull is continuing to build its presence in Texas by adding an important location to the company’s existing footprint of four retail stores in the Dallas/Ft. Worth Metroplex and one in San Antonio.
“Our acquisitions in Stockton, Calif., and Portland, Ore., demonstrate our commitment to expanding our facilities in these attractive markets. In both cases, we intend to aggressively grow our capacity and retail operations. Pick-n-Pull will continue to actively pursue growth in both new and existing markets,” he said.
