Liberty Iron & Metal Announces Refocus on Southwest Operations & Change of Leadership Team
Phoenix, Arizona – January 15, 2021 – Liberty Iron & Metal, Inc. (“Liberty”) today announces that after a comprehensive review of its strategy, it has decided to focus all its resources and energy towards its Southwest operations in Phoenix, Arizona. As a result of this strategic change, the company has initiated the divestment and winddown …
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Read MoreLiberty Iron Named Finalist for Scrap Company of the Year and Environmental Responsibility/Stewardship Categories
Phoenix, Arizona – April 4, 2018 – Liberty Iron & Metal, Inc. (Liberty) today announced that it has been named a finalist by American Metal Market’s Award for Steel Excellence in the categories of Scrap Company of the Year and Environmental Responsibility/Stewardship. Over 53 companies in 15 categories are being honored as finalists across the …
Read MoreLiberty Iron & Metal Inc. Announces Acquisition of BNC Recycling Inc.
Phoenix, AZ. – March 29, 2018 – Liberty Iron & Metal Inc. (Liberty) announces today that it has completed the acquisition of substantially all assets of BNC Recycling Inc. (BNC). The terms of the transaction were not disclosed. BNC has grown into a Northeast area leader in the recycling of ferrous and non-ferrous metals under …
Read MoreLiberty Iron & Metal Announces Mike Diamond as New CEO
Phoenix, Arizona – September 29, 2017 – Liberty Iron & Metal Holdings, Inc. (Liberty) today announced Mike Diamond as its new chief executive officer. Mr. Diamond will replace Mike Greulich, current CEO of Liberty, effective October 1, 2017. Diamond currently serves as Chief Operating Officer of Liberty and prior to that, served as Chief Operating …
Read MoreLiberty Secures $50 Million in New Financing Agreement with Key Bank
Phoenix, Arizona – July 27, 2017 – Liberty Iron & Metal Holdings (Liberty) successfully closed on a new $50 million financing agreement with its long-term banking partner KeyBank and its affiliates. The financing includes an Asset Based Revolver provided by KeyBank Business Capital, a capital line provided by KeyBank Equipment Finance, and a commodity hedging …
Read MoreLiberty Iron Anticipates Strong 2017 after Completing Recapitalization
Phoenix, Arizona – January 9, 2017 – Liberty Iron & Metal Holdings (Liberty) continues to fortify its position as one of the leaders in the scrap metal market after completing its recapitalization efforts. Liberty received over $10 million of additional funds through its shareholder to be used for working capital and acquisition financing to advance …
Read MoreLiberty Iron & Metal Enhances its Access to the Asian Markets via a Strategic Alliance with CTG
Phoenix, Arizona – December 15, 2016 – Liberty Iron & Metal Holdings LLC (“Liberty”) today announces the completion of the acquisition of its parent company Scholz Group by its strategic lender Chiho Renewable Development Ltd. (“CRDL”). CRDL is a wholly-owned subsidiary of Chiho-Tiande Group Limited (“CTG”), the largest metal recycler in China in terms of …
Read MoreLiberty Iron & Metal Strengthens Corporate Structure and Realigns for Intensified Growth
Scholz Group fully acquired remaining stake of Liberty from former Joint-Venture Partners Liberty Iron & Metal reshapes its business to Exploit Growth Opportunities in the US Management Remains in Place Phoenix, Arizona – November 30, 2016 – Liberty Iron & Metal Holdings, LLC announces that its majority shareholder Scholz United States Inc. acquired the remaining …
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