Sims Metal Management acquiring metal recycling company assets
Sims Metal Management, the listed metal and electronic recycling company, has announced that its subsidiary Sims Group Australia Holdings Limited (SimsMM Australia) has signed an agreement for the purchase of the assets of Commercial Metal Recycling Services (CMRS).
CMRS is a metal recycler that operates a network of eight yards across Queensland. The company operates from three locations in Brisbane, and five regional centres in Townsville, Cairns, Toowoomba, Gladstone and the Sunshine Coast. CMRS collects approximately 75,000 tonnes of ferrous scrap and 7000 tonnes of non-ferrous scrap per annum.
The acquisition is subject to clearance from the Australian Competition & Consumer Commission. The financial terms of the transaction were not disclosed, however the purchase price consideration is not material to Sims Metal Management Limited.
Vodafone and MobileMuster team up to tackle e-waste
New figures reveal that there are more than 23 million mobile phones estimated to be sitting idle...
APCO releases plan to strengthen packaging system
The Australian Packaging Covenant Organisation has released its FY26–27 Business Plan,...
Specsavers partnership tackles optical waste
A nationwide recycling program is addressing the growing number of old prescription glasses and...
