Portland-based Radius Recycling, formerly known as Schnitzer Steel Industries, acquired by Toyota Group company
Radius Recycling, previously known as Schnitzer Steel Industries, has been acquired by Toyota Tsusho America Inc. in an all-cash deal valued at $1.34 billion. The acquisition is set to close in the second half of 2025, pending regulatory and shareholder approvals. Radius Recycling's CEO, Tamara Lundgren, expressed optimism about the deal, highlighting opportunities for growth and continued operations from its Portland headquarters.