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Cargill sells U.S. metals business to Japan's Metal One

Staff Writer |
Cargill said it has agreed to sell its U.S. metals business to Japan’s Metal One Cor.

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A deal was signed on Friday and the two parties expect to close the sale later this year, Cargill said on Sunday. It did not give a sale price.

The sale includes steel and iron ore activities based in Minneapolis and Houston, as well as eight processing facilities in seven U.S. cities: Windsor, Colorado; Panama City, Florida; two facilities in Granite City, Illinois; East Chicago, Indiana; Tulsa, Oklahoma; Loudon, Tennessee; and Houston, Texas.

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