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Cobaltum Partners Advises Aceros Arequipa on the Acquisition of Port Manatee Scrap Metal

Overview of Transaction: July 13, 2021 – Corporación Aceros Arequipa S.A. (“CAASA”), the largest steel producer in Peru, has acquired Port Manatee Scrap Metal, Inc (“PM”) and St. Pete Scrap Metal, LLC (“SP”).  CAASA expects to supply itself with 100,000 tons of ferrous scrap metal per year from the Florida operationsThe acquisition significantly expands CAASA’s international scrap metal sourcing capacity, vertically integrating a strategic source of supply for its new 1.25 million TM/year production facility in Pisco, Peru    PM operates a ferrous scrap metal recycling facility located in Manatee County, Florida.  The company sources, collects, transports, processes, and markets scrap metal collected from industrial clients and scrap metal dealers.  The acquisition includes St. Pete Scrap Metal, a collections site that purchases ferrous and non-ferrous metals from peddlers and metal dealers, strategically located in St. Petersburg, Florida Founded in 1964,...Read More