Steel Mills
September 11, 2017
Cargill Sells Metals Business to Metal One
Written by Tim Triplett
Japan-based Metal One Corp. has agreed to acquire Cargill’s U.S. metals business. The two companies expect to close the sale later this year.
The agreement includes Cargill’s U.S. metals supply chain business, which includes commercial activities based in Minneapolis and Houston, as well as eight processing facilities in seven U.S. cities: Windsor, Colo.; Panama City, Fla.; Granite City, Ill. (two facilities); East Chicago, Ind.; Tulsa, Okla.; Loudon, Tenn.; and Houston. Metal One will establish a wholly-owned subsidiary in the U.S. to manage the new business.
