Shredder in clear, but Metalico decides to think on it

Nov 16, 2007 | 07:21 AM | Paul Schaffer

Plans by Metalico Inc. to build a shredder near Rochester, N.Y., have surmounted a court challenge but face a new hurdle a strategy review by the company itself.

All options are back on the table, the head of the Cranford, N.J.-based company indicated Friday.

At one point, Metalico was interested in buying a nearby shredder from Union Processing Corp. A letter of intent was signed by the two companies in March 2006.

After those negotiations fell through, Union Processing joined local homeowners in a court fight to overturn the Chili (N.Y.) Planning Board's April 2007 authorization for Metalico to build its own shredder on Scottsville Road.....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results