IMR picks up scrap processor

Integrated Metal Recycling (IMR), a joint venture owned by ArcelorMittal Long Products Canada and Triple M Metal, has acquired Société des Métaux Recyclés (SMR).

SMR is a ferrous and non-ferrous scrap processor in Quebec and has been an important business partner to IMR. SMR is well established on the North Shore of Montréal, in the Laurentians and in the Lanaudière regions of the province.

The company sources scrap metal from various sectors and transforms it to provide raw materials to multiple end-users.

With this acquisition, IMR secures market share to help meet its growth objectives, enhances its operational capabilities throughout the region north of Montréal, and contributes to new business opportunities.

“SMR has been a supplier of IMR and its joint venture partners, so this acquisition offers interesting synergies with our other recycling activities,” said Francois Theoret, executive vice-president of IMR. 

“We are very pleased to have completed this important transaction and welcome SMR’s experienced and qualified experts to the IMR team.” 

Established in October 2020, Integrated Metal Recycling is a joint venture between ArcelorMittal Long Products Canada and Triple M Metal. IMR consists of four locations in the Abitibi-Témiscamingue region, one in St.-Hubert as well as the two new SMR sites in Sainte-Anne-des-Plaines and Terrebonne.