Proler Steel buying Houston scrapyard

Dec 09, 2011 | 03:12 PM | Lisa Gordon

Tags  scrapyard, Proler Steel, Cris Proler, Bryan Wallace, Walco Recycling, Lisa Gordon

PITTSBURGH — A Houston steel broker is buying a scrapyard as part of its strategy to become a full-service metals recycler.

Proler Steel International has signed a letter of intent to purchase Walco Recycling Services LLC for an undisclosed sum. Proler will begin operations at the facility immediately, although the deal isn’t expected to be completed until February.

The alliance will provide Proler more flexibility in its operations by adding metal processing and direct rail transportation to end-users of recycled steel products, the company said.....

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