NEW YORK Sadoff Iron & Metal Co. will relocate its Lincoln, Neb., scrap processing operation to a larger site nearby after having "outgrown" its existing facility, chief executive officer Mark Lasky told AMM.
The new site, a 13-acre brownfield location in Lincoln Airpark, will replace the companys existing 2.5-acre split-location site early next year, Lasky said. "The plan is to break ground in September 2012, and were hoping for project completion in March 2013."
The new site will include a 15,000-square-foot nonferrous metal warehouse, a 7,000-square-foot work section for an industrial production scrap baler and an additional covered roof area for scrap metal dropoffs, Sadoff said in a statement announcing the expansion.
The new facility, which will process both ferrous and nonferrous metals, will allow the company to better serve the industrial and scrap retail markets in the region, the company said.
"We have plans to go after industrial business more aggressively (from the new site). Its not something weve been focusing on," Lasky said, declining to name specific volume targets.
The company also will look at expanding into additional grades and processing technologies after moving to the new site, including the possible purchase of vehicle bodies, Lasky said.
The new site will be built in partnership with the Lincoln Airport Authority, Sadoff said, noting that the authority will issue industrial revenue bonds to cover the cost of the project, which will be repaid by Sadoff via a long-term lease agreement.
Sadoff, which operates six Wisconsin facilities in addition to the Lincoln site, is a subsidiary of Fond du Lac, Wis.-based Sadoff & Rudoy Industries LLP.