Liberty Iron & Metal Strengthen its Footprint in the Phoenix Operations
- Successful Acquisition of Minority Interest in SW Operations
- Consolidation of Yards into one Group
- Management Remains in Place
Phoenix, Arizona – October 11, 2016 – Liberty Iron & Metal Holdings, LLC (LIMH) acquired the remaining 30 percent stake in Liberty Southwest Holdings from its minority partner, Rush Metal Asset Holdings, LLC. The terms of the transaction were not disclosed. This transaction follows Scholz United States acquisition of the Olgin Family interest in LIMH earlier this month.
The acquisition will give Liberty Iron & Metal the opportunity to further strengthen its footprint in the Southwest. The former minority partner Rush remains to be a strong business partner and senior advisor to Liberty Iron. The operations continue to run normally with the existing management in place at its yard locations at McDowell and Highland Ave in Phoenix.