Dive summary:

• Proler Steel International and Newell Joint Venture Investments have announced they are merging to create a new recycling company called Proler-Newell Recycling.
• The new team will build its first full service metal recycling plant in east Texas.
• Proler says that there is a significant amount of scrap generated in the eastern part of Texas due to its proximity to steel mills and foundries that the company will be servicing.

From the article:

The chief executive officers of Proler Steel International and Newell Joint Venture Investments L.P. have formed a joint operation called Proler-Newell Recycling L.P. The newly created joint venture will open a full service metals recycling company in east Texas.

According to the two companies, the collaboration has been in the planning and development stages for several months and will provide full service purchasing, processing and shipping capabilities for both ferrous and non-ferrous metals. ...