Toyota Tsusho America Finalizes Acquisition of Radius Recycling

According to a press release issued on July 10, Toyota Tsusho America Inc. (TAI), a U.S. subsidiary of Toyota Tsusho Corporation, has officially completed its acquisition of Radius Recycling Inc., a leading metal recycling company in North America operating across more than 100 locations.

The acquisition marks a significant step in Toyota Tsusho’s global strategy to strengthen its circular economy initiatives, particularly within the automotive value chain. As stated in the company’s announcement, the integration is expected to enhance the supply of recycled resources, accelerate decarbonization goals, and deliver long-term value across stakeholders—from employees and customers to suppliers and local communities.

According to Naoyuki Hata, President and CEO of Toyota Tsusho America, the acquisition is built upon a longstanding partnership between the two companies. “Radius’ 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,” Hata said in a statement.

Tamara Lundgren, CEO of Radius Recycling, also emphasized the growth opportunities the deal brings. “Joining forces with Toyota Tsusho opens new doors for Radius, our employees, and our valued customers and suppliers. This is an opportunity to accelerate Radius’ strategic priorities, access new growth opportunities, and further solidify our position as a leader in North American recycling” she noted.

Despite the change in ownership, Radius will continue to operate independently under its existing brand and management team from its headquarters in Portland, Oregon. The company’s operational structure, employee base, and strategic direction will remain intact.

In connection with the completion of the transaction, Radius’ common shares will be delisted from the Nasdaq Capital Market, signaling the company’s transition from a public to a privately held enterprise under Toyota Tsusho’s ownership.

Source: Toyota Tsusho