Schnitzer Steel to acquire J.T. Knight
Schnitzer Steel Industries, based in Portland, Oregon,
is acquiring the assets of J.T. Knight through its subsidiary, Schnitzer
“We feel like it’s a good strategic move for our company,” said Rick
Caldwell, president of J.T. Knight.
He said the infrastructure of the business will stay the same. Caldwell
and his three partners will continue to manage the business and the employees
will not be affected, he said. Although it will be part of Schnitzer
Southeast, the Columbus business will retain the J.T. Knight name.
After the acquisition, Schnitzer Southeast will have 12 scrap metal recycling
facilities in Alabama and Georgia, including those in Atlanta, Albany,
Georgia, Selma, Alabama and Dothan, Alabama.
J.T. Knight was founded in 1900. The company purchases and processes
a variety of metals, including aluminum, copper, brass and stainless
steel. Details of the acquisition were not disclosed.