Toyota Tsusho America, Inc., a subsidiary of Toyota Tsusho Corporation, has completed the acquisition of Radius Recycling, Inc., a leading North American recycling company with a network of over 100 locations. 聽The transaction advances key Toyota Tsusho strategic goals, including its commitment to building a circular economy focused on recycling throughout the automobile lifecycle, as well as accelerating progress towards carbon neutrality, and delivering long-term value to employees, customers, suppliers, and communities.
鈥淲e are delighted to welcome Radius into the Toyota Tsusho family,鈥� said Naoyuki Hata, TAI President & CEO. 鈥淩adius鈥� proven track record and strong presence in the North American recycling industry closely reflect our shared mission to create Better Solutions for a Better Future. Building on our longstanding relationship, this acquisition will help expand our circular economy initiatives, enhance the supply of high-quality recycled resources, and deliver better solutions for our customers and our planet.鈥�
鈥淛oining forces with Toyota Tsusho opens new doors for Radius, our employees, and our valued customers and suppliers,鈥� said Tamara Lundgren, Radius CEO. 鈥淒rawing from the combined strengths of both organizations, this is an opportunity to accelerate Radius鈥� strategic priorities, access new growth opportunities, and further solidify our position as a leader in North American recycling.鈥�
Radius will continue to operate from its current headquarters in Portland, Oregon, following the close of the transaction, with its management, employees, operating facilities, strategy, and brand retained.
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