Liberty Iron & Metal Inc. Announces Acquisition of BNC Recycling Inc.

March 29, 2018

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 …

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Liberty Iron & Metal Announces Mike Diamond as New CEO

September 29, 2017

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 …

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Liberty Secures $50 Million in New Financing Agreement with Key Bank

July 27, 2017

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 …

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Liberty Iron Anticipates Strong 2017 after Completing Recapitalization

January 9, 2017

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 …

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Liberty Iron & Metal Enhances its Access to the Asian Markets via a Strategic Alliance with CTG

December 15, 2016

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 …

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Liberty Iron & Metal Strengthens Corporate Structure and Realigns for Intensified Growth

November 30, 2016

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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