PITTSBURGH Scrap industry veteran Ted M. Luntz died Friday in Cleveland. He was 86.
Luntz served as president and chief executive officer of the former Luntz Corp., Canton, Ohio, and Cleveland-based Marquette Steel Co.
"My dad loved the business, was good on the operations side, had loyal people and the business grew a lot because the customers were successful," his son, Brian, told AMM.
Luntz ran the family owned scrap business, which started in 1898 as Canton Iron & Metal Co. It later became known as Luntz Corp., which was sold to Philip Environmental Inc. in 1997 and is now part of PSC Metals Inc.
After retiring from the scrap arena in the 1990s, Luntz remained active as a consultant and on the boards of many businesses, and also served on the boards of Baldwin-Wallace College, Cathedral Latin School, College of Jewish Studies and Hawken School.
A graduate of Yale University, Luntz served in the U.S. Army and was an avid art collector, musician, skier, tennis player and sailor.
He leaves a widow, Idarose; son Brian, who is a scrap metal broker; daughters Jean Luntz, Pamela Gleisser and Jill Calhoun; and seven grandchildren.
Funeral services were held Tuesday in Cleveland Heights.