Toyota Tsusho America to Acquire Radius Recycling for $1.34 Billion

Recycled metal products maker Radius Recycling, Inc. (RDUS) entered a merger agreement on March 13, 2025, to be acquired by Toyota Tsusho America for $1.34 billion.

Deal Structure:

Under the terms of the agreement, Toyota Tsusho America, a U.S. subsidiary of Japan-based Toyota Tsusho Corporation, will acquire all shares of Radius for $30.00 per share in cash, representing a 119.62% premium from the stock’s last close.

Company Profile:

Radius Recycling is a North American recycler of ferrous and nonferrous metals, processing salvaged vehicles, industrial scrap, and demolition materials. It also produces finished steel products and operates used auto parts stores under the Pick-N-Pull brand. Founded in 1906, the company is headquartered in Portland, Oregon.

Toyota Tsusho, established in 1948, is a global trading company within the Toyota Group, operating across various sectors including metals, automotive, logistics, and chemicals. Its subsidiary, Toyota Tsusho America, Inc., has been active in North America for over 60 years, providing diverse products and services.

Deal Details and Timeline:

Upon completing the deal, which is expected in the second half of 2025, Radius will continue operating from its headquarters in Portland, Oregon, maintaining its teams, facilities, strategy, and brands.

Radius Recycling received financial advisory services from Goldman Sachs and J.P. Morgan Securities, with legal counsel from Simpson Thacher & Bartlett. Toyota Tsusho America was advised financially by Mizuho Securities and legally by White & Case.

Toyota Tsusho America is acquiring Radius at 0.15 times its sales.

Deal Metrics:

For a more comprehensive analysis of this merger and acquisition transaction, please refer to the Deal Metrics page:

Deal Metrics for the acquisition of Radius Recycling, Inc. (RDUS) by Toyota Tsusho America, Inc.

The Deal Metrics page offers a wealth of information on the merger, including:

• A spread history chart from the announcement to completion or failure of the merger.
• Progress updates on the merger, such as regulatory approvals, shareholder votes, etc.
• Related news and SEC filings.
• A record of deal updates.
• And much more.

Disclaimer: This article is for informational purposes only and is not intended as investment advice. Please conduct your own due diligence before making any investment decisions. The accuracy and completeness of the data provided in this article cannot be guaranteed.

Editor’s Note: Baranjot Kaur contributed to this article