On March 13, 2025, Radius Recycling, Inc. (NASDAQ: RDUS) announced its acquisition by Toyota Tsusho America, Inc. (TAI), a subsidiary of Toyota Tsusho Corporation, for USD 30.00 per share in cash. The transaction valued Radius at approximately USD 1.34 billion (CAD 1.82 billion), representing a 115% premium to its prior closing price. The deal closed on July 11, 2025 (July 10, US local time), making Radius a wholly owned subsidiary of Toyota Tsusho and resulting in its delisting from Nasdaq.

Radius, headquartered in Portland, Oregon, operates over 100 recycling facilities across the U.S., Canada, and Puerto Rico, including an electric arc furnace steel mill. It will retain its brand, leadership, and headquarters post-acquisition. The merger combines Radius’s metals recovery, 3PR™ services, and auto dismantling operations with Toyota Tsusho’s expertise in closed-loop supply chains to enhance recycled material supply and support decarbonization in global manufacturing.

Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC advised Radius, with legal counsel from Simpson Thacher & Bartlett LLP and McCarthy Tétrault. Mizuho Securities advised Toyota Tsusho, with White & Case LLP as legal counsel. The acquisition is a strategic step toward advancing the circular economy and promoting carbon neutrality.