Toyota Tsusho Acquires Radius for $1.34 Billion
Deal News | Apr 16, 2025 | White & Case
White & Case LLP, a global law firm, provided legal counsel to Toyota Tsusho Corporation, a prominent Japanese trading company, in its acquisition of Radius Recycling, Inc., a North American metal recycling and steel manufacturing company. The deal, valued at US$1.34 billion, is a strategic move by Toyota Tsusho to bolster its initiatives in the circular economy and support efforts toward global carbon neutrality. The merger aims to combine Radius’ recycling capabilities with Toyota Tsusho's strengths to develop a closed-loop supply chain focused on recycled materials. The legal team from White & Case, renowned for its expertise in complex cross-border deals, was led by Nels Hansen and comprised partners and associates across various global offices, emphasizing the firm's leading role in advising on outbound transactions from Japan.
Sectors
- Legal Services
- Metals & Mining
- Automotive & Trading
Geography
- Japan – Toyota Tsusho, a Japanese company, is the acquiring firm, indicating a significant Japanese involvement in the transaction.
- United States – Radius Recycling, the target company, is based in North America, specifically within the United States, denoting the geographical focus of the acquisition.
Industry
- Legal Services – The article discusses the role of a legal advisory firm, White & Case, in a high-value acquisition deal, highlighting the legal industry's involvement in M&A transactions.
- Metals & Mining – Involves the acquisition of a company engaged in metal recycling, a key part of the metals and mining sector.
- Automotive & Trading – Toyota Tsusho is a trading company with links to the automotive sector, aiming to use recycled materials to support decarbonization in manufacturing.
Financials
- $1.34 billion – The value of the acquisition deal between Toyota Tsusho Corporation and Radius Recycling, Inc.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Toyota Tsusho Corporation | Acquirer | Company | A leading Japanese trading company committed to expanding its circular economy initiatives and carbon neutrality efforts through strategic acquisitions. |
| Radius Recycling, Inc. | Target Company | Company | A North American metal recycling and steel manufacturing company targeted for acquisition to enhance supply chain capabilities. |
| White & Case LLP | Legal Advisor | Company | The global law firm advising Toyota Tsusho on its strategic acquisition, known for handling complex cross-border M&A transactions. |
| Nels Hansen | Partner | Person | A partner at White & Case LLP who co-led the transaction team advising Toyota Tsusho. |