Schnitzer Steel (SCHN) Expands Used Auto Parts Business

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12:49:46 pm on August 5, 2008

Schnitzer Steel (SCHN) announced yesterday that they have purchased 3 self service used auto parts businesses in Texas and Arkansas, bringing the total number to 38 for the company. 

“These three facilities complement our self-service franchise and are another important step in the growth of the Company’s Auto Parts Business,” stated Tom Klauer, President of the Auto Parts Business.

Schnitzer Steel Industries, Inc. is one of the largest manufacturers and exporters of recycled ferrous metal products in the United States with 39 operating facilities located in 12 states throughout the country, including six export facilities located on both the East and West Coasts and in Hawaii.

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