Sims Metal Management Limited Acquires E-Structors Inc According to BAC Company Report
12 Sep 2012 • by Natalie Aster
LONDON – Earlier in September Sims Metal Management Limited announced acquisition of E-Structors Inc, a North American electronics recycler. This purchase will strengthen Sims position in the region and will expand company’s operations. E-Structors is the largest company within its market in Maryland (Washington D.C.) serving national electronics retailers, government agencies, educational and financial institutions, medical centers and health care systems, corporations. The price of the deal was kept a secret but is regarded as not material to Sims Metal Management Limited.
Sims Metal faced financial losses in the year ended June 2012. Comparing to the previous financial period, revenue rose by 2.1% to AUD 9 B, gross profit lost 7.5% and amounted AUD 1.3 B, operating and net income ended at negative values of AUD (536) M and AUD (521.4) M, respectively. The reason for such weak result is global economic malaise which impacted both developed and emerging economies.
North American region was the main revenue contributor, it brought AUD 6 B. Europe and Australasia added AUD 1.8 B and AUD 1.2 B to the total amount. The following products comprised company’s sales portfolio:
|
Ferrous Trading |
AUD 4.4 B |
|
Non Ferrous Shred Recovery |
AUD 326.7 M |
|
Ferrous Brokerage |
AUD 1.6 B |
|
Non Ferrous Trading |
AUD 1.6 B |
|
Non Ferrous Brokerage |
AUD 29.7 M |
|
Manufacturing/Other |
AUD 108.8 M |
|
Recycling Solutions |
AUD 1 B |
Founded in 1917 and headquartered in Stratford-upon-Avon (United Kingdom), Sims Metal Management Limited engages in metals and electronics recycling across the globe. The company has numerous subsidiaries running operations on five continents. Sims Metal is listed on Australian Securities Exchange and the New York Stock Exchange under the ticker SMS.
Get more details on the company’s business activities, subsidiaries, strong and weak sides, business possibilities and news from the report “Sims Metal Management Limited Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Report Details:
Title: Sims Metal Management Limited Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Sep, 2012
Pages: 100
More company reports featuring SWOT and financial information, industry and competitors analysis can be found in Company Reports Catalog.
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