Steelmaker ArcelorMittal acquires Canadian metals recycler Bakermet
June 10, 08 by TheFleetIf you're new here, you may want to subscribe to our RSS feed. Thanks for visiting!
Source: The Canadian Press
Steelmaker ArcelorMittal SA (NYSE:MT) has acquired Bakermet, an Ottawa-based company that buys and recycles scrap metal, for an undisclosed sum.
The Luxembourg-based industry giant, which also owns Hamilton-based Dofasco, said access to Bakermet’s plant near Ottawa will secure upstream self-sufficiency in shredded metal for ArcelorMittal’s Contrecoeur mill in Quebec.
