Nucor Corporation (NYSE: NUE) announced Tuesday that its wholly owned subsidiary, The David J. Joseph Company (“DJJ”), has completed the acquisition, at a very attractive multiple, of substantially all the assets of Kansas City, Missouri-based Galamba Metals Group. Galamba, founded in 1977, operates a total of 16 full-service scrap processing facilities in Kansas, Missouri and Arkansas (including two automobile shredders). Galamba employs 385 people and processes over 500,000 tons annually.

The local facility includes the Boonville Yard, with former owner names of Outer Road Recycling and Calverts. It is located at 16988 Old 5 Dr. in Boonville.

DJJ will operate the Galamba Metals Group facilities under the Advantage Metals Recycling, LLC name. Galamba’s current employees and management team will remain with Advantage Metals Recycling. Nucor and DJJ welcome the Galamba/Advantage Metals Recycling management team and employees to the Nucor family.

This acquisition represents another step in Nucor’s previously announced plan to utilize DJJ as a platform for continued growth in the scrap processing industry.

To read the rest of the story see BDN's April 8 print edition.