Global Recycling shuts, seeks to liquidate

Dec 07, 2012 | 01:25 PM | Lisa Gordon

Tags  Global Recycling, Gilbert Iron & Steel, Steven Gilbert, Looney & Grossman, Stewart Grossman, liquidation, recycling, copper scrap Lisa Gordon

PITTSBURGH — Global Recycling Inc. has ceased operations and plans to liquidate following a failed attempt to merge with another company.

The Charlotte, N.C.-based company, which has nearly $3 million in debt, bypassed the traditional Chapter 7 proceedings under U.S. Bankruptcy Code and has opted to wind down its operations in a Delaware chancery court.....

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