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JULY 2006

 

Commercial Metals recycles plastics

Commercial Metals Company has closed on the purchase of substantially all the operating assets of Yonack Iron & Metal Co. and Metallic Industries, LLC.

The acquisition included the operating assets of two affiliates, Yonack Services, Inc. and Plastex International, Inc. Yonack operates scrap metal processing sites in Dallas and Forney, Texas; Stroud, Oklahoma and Lonoke, Arkansas. Plastex is a plastic recycling company with operations in Grand Prairie, Texas. These facilities will operate as part of Commercial Metals Company’s CMC Recycling (CMCR). Bob Yonack, president and sole shareholder of Yonack, will serve in a consulting capacity to CMCR.

The acquisition of Plastex will mark Commercial Metals’ entry into the plastics recycling business.


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