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.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here