SMS wins auction for Ill. recycler

May 30, 2014 | 10:20 AM | Lisa Gordon

Tags  scrap, auction, acquisition, shredder, Scrap Metal Services, Metal Recycling Systems, Jeffry Gertler, Commerical Recovery Associates Lisa Gordon

NEW YORK — Scrap Metal Services LLC (SMS) has purchased a Chicago-area metals recycler that closed its doors in April amid financial struggles.

Metal Recycling Systems Inc., Blue Island, Ill., decided to liquidate its facility and assets in an assignment for the benefit of creditors (, May 28).....

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