Two recyclers merge in wake of lawsuit

Jul 02, 2014 | 04:20 PM | Sean Davidson

Tags  scrap, aluminum, Wise Recycling, Wise Metals Group, Source Recycling, Gary Taylor, Jody Standley, John Stewart Sean Davidson

NEW YORK — Wise Metals Group LLC has merged its Wise Recycling LLC business with Source Recycling LLC after suing the company and three of its senior staff for alleged breach of contract, unfair and deceptive trade practices and misappropriation of Wise Recycling’s trade secrets.

Muscle Shoals, Ala.-based Wise Metals Group announced July 1 that the two Clayton, N.C.-based recycling businesses have combined to form a new entity, Wise Recycling, that will comprise five Wise Recycling yards in Colorado, Florida, North Carolina and Virginia; Wise’s network of feeder locations in six states; Source Recycling’s three yards in Maryland and North Carolina; and....

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