Scrap veteran calls it a day—sort of
Dec 08, 2010 | 12:11 PM
Los Angeles scrap veteran Arnold Berkovics has opted to retire after 37 years in the business, certain he will find distractions elsewhere.
Upon doing so, he put his 51,000-square-foot yard up for sale, shifted focus to his recent interest in precious metals and kept silent about his retirement. A week later, the 56-year-old decided he couldn't stay away from the scrap business and returned as a consultant.
The yard, warehouse, buildings, industrial contract and company—Metal Etc. Inc.—remain up for sale. So why sell his yard? He's tired of being hands on and his daughters don't consider it a "cool" business to continue, so the decision sticks.
When he collects the $5.5 million asking price, the Berkovics family role in Los Angeles' scrap history is certain to end.....
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