News/Media

Erie, PA – October 31, 2018 – It is with great sadness that we inform you of the passing of Barry Rider. Barry passed away October 1, 2018. He had been a valued member of our team for more than 40 years and will be missed dearly. Barry held several positions within Liberty Iron & Metal over the years, including his most recent role as the General Manager and Vice-President of Non-Ferrous Sales and Purchasing.

The United States processes enough steel and iron scrap to build 25 Eiffel Towers every day. Every year, we recycle enough copper to build the Statue of Liberty 25,000 times. The way Liberty Iron & Metal looks at it, that’s a sterling way to reduce our carbon footprint.

Phoenix, AZ. – September 30, 2018 – Liberty Iron & Metal, Inc. (Liberty) announces that as of October 1, 2018, it’s core entities around the US – Liberty Iron & Metal Southwest LLC, Liberty Iron & Metal Erie LLC, Premier Metals Group LLC, Mercer Company LLC, Interstate Shredding LLC and Liberty International Trading, Inc. – will be merging under one name. – Liberty Iron & Metal, Inc. All operations will continue to run normally with existing management in place.

Liberty Iron & Metal, Inc. (Liberty) today announced that it has been named a finalist by American Metal Market’s Award for Steel Excellence in the categories of Scrap Company of the Year and Environmental Responsibility/Stewardship.

Liberty Iron & Metal Inc. (Liberty) announces today that it has completed the acquisition of substantially all assets of BNC Recycling Inc. (BNC). The terms of the transaction were not disclosed.

Liberty Iron & Metal Holdings, Inc. (Liberty) today announced Mike Diamond as its new chief executive officer. Mr. Diamond will replace Mike Greulich, current CEO of Liberty, effective October 1, 2017.

Liberty Iron & Metal Holdings (Liberty) successfully closed on a new $50 million financing agreement with its long-term banking partner KeyBank and its affiliates.

Liberty Iron & Metal Holdings (Liberty) continues to fortify its position as one of the leaders in the scrap metal market after completing its recapitalization efforts.

Chiho Tiande Group has completed the take-over of ailing German ferrous scrap recycler Scholz. The company is now a fully-owned subsidiary of the Chinese non-ferrous metals recycling firm. At an extraordinary general meeting on 15 December, 100 per cent of the Chinese group’s shareholders present approved the proposed acquisition. This was the final step among several closing conditions, Chiho Tiande Group (GTG) reported on the following day. CTG paid a symbolic price of one Euro for Scholz, but invested about €350m in the preceding months to help out the ailing recycling company by taking over debt and other transactions.

Liberty Iron & Metal Holdings LLC (“Liberty”) today announces the completion of the acquisition of its parent company Scholz Group by its strategic lender Chiho Renewable Development Ltd.