By MELINDA WILLIAMS email@example.com
The former Cycle Systems Inc. metal recycling facility on First Street in Pulaski is officially closed.
A woman who answered the phone there Tuesday, but who declined to give her name, said the facility is closed and the new owner, Gerdau, has no plans to reopen it.
Gerdau is headquartered out of Brazil, but its North American headquarters is in Tampa, Fla. The company announced in a Feb. 1 press release that it had completed acquisition of Cycle Systems Inc., which is based in Roanoke.
A woman who answered the phone at Cycle Systems in Roanoke Feb. 1 said the company had no comment on the sale or status of the Pulaski facility. She said no one else there wished to comment either.
Guilherme G. Johannpeter, president of Gerdau’s North American division, states in the press release that the purchase of Cycle Systems’ nine Virginia locations supports the company’s goal of controlling costs by “having scrap sources closer to our steel mills.”
He added, “It will be a great advantage for our mill in Petersburg, Va., and other nearby operations.”
A report on the “Recycling Today” website pertaining to the purchase cites a Cycle Systems source as saying the sale likely would result in a number of the company’s facilities not being reopened.