Radius Recycling

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File:Cascade Steel mill McMinnville Oregon.JPG
Cascade Steel mill in McMinnville, Oregon

Radius Recycling, Inc., is a scrap recycling and steel manufacturing company headquartered in Portland, Oregon. The company operates auto parts recycling, metal recycling, and steel manufacturing with locations in 26 states and two Canadian provinces, as well as Puerto Rico.[1] The company recycles vehicles, rail cars, home appliances, industrial machinery, and scrap.[1] The company has 103 recycling facilities including the Pick-n-Pull auto parts recycling chain with 50 locations and 53 metals recycling facilities.[1] Steel manufacturing is through the Cascade Steel Rolling Mills plant in McMinnville, Oregon.[1]

History

File:Schnitzer Steel logo.svg
Former logo

The company was founded as Schnitzer Steel by Russian immigrant Sam Schnitzer in 1906 as a one-person scrap metal recycler.[2] Between 1947 and 1950, his son, Harold Schnitzer, worked at the company.[3] In 1984, the company bought Cascade Steel Rolling Mills, who operated a steel mill in McMinnville, Oregon.[4] Schnitzer purchased eight service centers from U.S. Steel in 1986 for its Metra Steel subsidiary.[5] In 1993, Schnitzer Steel became a public company via an initial public offering.[6]

In January 2003, the company acquired Pick-n-Pull, a chain of automobile scrape yards where consumers can obtain autoparts from scrapped vehicles.[7] In October 2005, it acquired GreenLeaf Auto Recyclers,[8] which was sold in 2009,[9] and Regional Recycling, a metals recycling business with 10 locations in the Southeastern United States.[10] In December 2006, the company acquired Advanced Recycling.[11][12]

In December 2007, the U.S. Securities and Exchange Commission charged former chairman and CEO Robert Philip for violating bribery laws as part of the Foreign Corrupt Practices Act in relation to dealings with Chinese steel mills.[13][14] Tamara Lundgren became the chief executive officer, and John Carter became chairman in November 2008.[15] In January 2010, the Schnitzer family sold their shares such that their ownership in the company fell below 20%.[2] In April 2010, the company acquired Golden Recycling & Salvage, a recycling company in Billings, Montana.[16]

In 2011, the company acquired State Line Scrap Co., a recycling company in Attleboro, Massachusetts,[17][18] and Ferrill's Auto Parts of Seattle.[19][20] In 2013, the company moved its headquarters to downtown Portland, Oregon, to the KOIN Tower.[21] The company changed its name to Radius Recycling in July 2023.[22] Toyota Tsusho Corporation, a Japanese company, bought the company for $1.3 billion in March 2025.[23]

See also

References

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External links

Template:St. Johns, Portland, Oregon Template:ORCompanies

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