# Sims Ltd. to sell UK metals business to Unimetals for £195M

Sims Ltd. has entered into a binding agreement to sell its U.K. Metal business to Unimetals Group Ltd. for approximately £195 million ($250 million), including 28 facilities and four shredders.

- Type: Acquisition
- Announced: 2024-08-13
- Where: United Kingdom
- Value: $250.0M (195.0M GBP)
- Status: announced
- Products: scrap metal
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Sims Ltd.](https://endata.com/companies/79155.md)
- [Unimetals Group Ltd.](https://endata.com/companies/79156.md) (acquirer)

## Sources

- [recyclingtoday.com](https://www.recyclingtoday.com/news/sims-ltd-to-sell-uk-metals-business/), 2024-08-13: "We are delighted to have agreed to the acquisition and are looking forward to integrating Sims Metal UK into the Unimetals’ family."
- [simsltd.com](https://www.simsltd.com/news/2024/sims-limited-signs-a-binding-agreement-to-sell-sims-metal-uk-business-to-unimetals/), 2024-09-19: "We conducted a comprehensive strategic review of Sims Metal, UK, evaluating all options, including a sale, forming a joint venture, or restructuring the business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.