Calif. recycler said for sale in tough market

Jul 07, 2014 | 02:50 PM | Sean Davidson

Tags  scrap, Sun-Lite Metals, Jay Lite, Sean Davidson

NEW YORK — A tough economic environment has prompted a California metal recycler to put its business up for sale.

Los Angeles-based Sun-Lite Metals Inc. is soliciting bids for a complete buyout of its ferrous and nonferrous scrap recycling and processing operations, AMM understands.

A person familiar with the situation said the company’s owner, Jay Lite, is considering selling the assets due to the weak economy and the difficulty small businesses have in accessing capital.....

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