Toyota Tsusho America Completes Acquisition of Radius Recycling
Toyota Tsusho America, Inc. (TAI), a subsidiary of Toyota Tsusho Corporation (“Toyota Tsusho”), announced the successful completion of its acquisition of Radius Recycling, Inc. (“Radius”), one of North America’s premier recycling companies. Radius operates an extensive network of more than 100 facilities across the continent, serving a diverse range of industries with high-quality recycling and metal processing services.
The completion of this transaction represents a significant milestone in Toyota Tsusho’s global strategy to promote sustainability and circular economy practices. Through this acquisition, Toyota Tsusho aims to reinforce its commitment to environmental stewardship, accelerate progress toward carbon neutrality, and strengthen its value chain across the automotive lifecycle—from manufacturing to end-of-life recycling.
Advancing Toyota Tsusho’s Vision for a Circular Economy
Toyota Tsusho has long pursued the goal of creating a circular economy in which materials are continuously reused and recycled to minimize waste and reduce carbon emissions. The acquisition of Radius directly supports this vision by expanding Toyota Tsusho’s capabilities in recycling and resource recovery in North America. It also complements the company’s broader environmental initiatives, which include resource optimization, renewable energy adoption, and innovative materials management.
Through Radius’ established operations, Toyota Tsusho gains a strong foothold in the North American recycling sector—an essential region for supporting the sustainable transformation of global manufacturing and supply chains. The integration of Radius’ expertise and infrastructure will allow Toyota Tsusho to enhance the availability and quality of recycled metals and materials, helping reduce dependence on virgin resources and furthering its decarbonization efforts.
Leadership Perspectives on the Acquisition
“We are delighted to welcome Radius into the Toyota Tsusho family,” said Naoyuki Hata, President and CEO of Toyota Tsusho America, Inc. “Radius’ proven track record and strong presence in the North American recycling industry closely reflect our shared mission to create Better Solutions for a Better Future. Building on our longstanding relationship, this acquisition will help expand our circular economy initiatives, enhance the supply of high-quality recycled resources, and deliver better solutions for our customers and our planet.”
Hata emphasized that the partnership between TAI and Radius is more than a business transaction—it is a shared commitment to sustainability and innovation. The integration will allow both organizations to leverage their collective expertise to improve recycling efficiency, explore new technologies, and create greater environmental and economic value for stakeholders across the value chain.
Tamara Lundgren, CEO of Radius Recycling, echoed this sentiment. “Joining forces with Toyota Tsusho opens new doors for Radius, our employees, and our valued customers and suppliers,” she said. “Drawing from the combined strengths of both organizations, this is an opportunity to accelerate Radius’ strategic priorities, access new growth opportunities, and further solidify our position as a leader in North American recycling.”
Lundgren noted that the partnership with Toyota Tsusho provides Radius with enhanced global reach, increased resources for innovation, and a stronger platform to pursue its mission of advancing sustainable recycling solutions. Together, the two companies will continue to drive industry progress while supporting the broader global transition toward a low-carbon economy.
Continuity and Commitment to Local Operations
Following the completion of the acquisition, Radius will continue to operate under its current name and brand from its headquarters in Portland, Oregon. The company’s existing management team, employees, and operational facilities will remain in place, ensuring business continuity for customers, partners, and suppliers. This structure will enable Radius to maintain its strong local presence and relationships while benefiting from Toyota Tsusho’s global network and expertise.
By maintaining operational stability and leveraging Toyota Tsusho’s international experience, Radius aims to strengthen its market position, optimize its logistics and material flows, and enhance the quality and efficiency of its recycling processes. The collaboration will also open opportunities for new investments in technology, digital transformation, and sustainable infrastructure.
A Strategic Step Toward Long-Term Sustainability
The acquisition underscores Toyota Tsusho’s long-term strategic vision of achieving carbon neutrality across its global operations. Recycling and resource recovery play a pivotal role in this vision by reducing greenhouse gas emissions associated with mining and production of raw materials. By integrating Radius’ capabilities, Toyota Tsusho takes a major step toward establishing a comprehensive recycling ecosystem that supports the full automotive lifecycle—from production and use to reuse and recovery.
In addition to environmental benefits, the acquisition delivers long-term value for multiple stakeholders. Employees gain access to new growth and development opportunities; customers benefit from a more resilient and sustainable supply chain; and communities experience the positive social and environmental impact of a stronger, more responsible recycling infrastructure.
Transition in Capital Market Status
As part of the closing process, Radius’ common shares will be delisted from the Nasdaq Capital Market. This move reflects the company’s transition to a privately held subsidiary under Toyota Tsusho America. The delisting marks the beginning of a new chapter for Radius—one characterized by strategic investment, operational synergies, and a shared commitment to advancing sustainable growth.