MetalX said near buy of Sims shredder in Ala.

Apr 08, 2013 | 12:51 PM | Lisa Gordon

Tags  auto shredder, Sims Metal Management, MetalX, Danny Rifkin, Rifkin brothers, Jefferson Iron & Metal, American Cast Iron Pipe, Acipco ARC Alabama

PITTSBURGH — MetalX LLC is said to be close to finalizing a deal to buy an auto shredder facility in Birmingham, Ala., owned by Sims Metal Management Ltd.

None of the parties involved would comment, but the industry is abuzz that Sims is divesting the shredder in the very near future and MetalX reportedly has locked up a deal to sell shredded scrap from the plant to Birmingham-based American Cast Iron Pipe Co. (Acipco).

Acipco, which runs a shredder at its pipe manufacturing facility, would eventually mothball its equipment and secure its melting needs from Waterloo, Ind.-based MetalX, ....

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