PITTSBURGH Metalico Inc.
has stepped up its scrap metals recycling presence in the
markets it serves via a new venture in northeastern Ohio and an
acquisition in the Greater Rochester area.
The Cranford, N.J.-based metals
recycler has taken over a Cleveland facility vacated by a
shuttered company and has purchased an auto recycler in Bergen,
"This is part of a continuing
effort to increase density in the markets we currently operate
in," Michael J. Drury, executive vice president of Metalico and
chief operating officer of its platinum group metals and lead
operations, told AMM. "We have a shredder in Buffalo
(N.Y.) and Youngstown (Ohio) and have found an effective way to
support a shredder is through your captive feeder yards."
The company opened a joint
venture called Metalico JBI Cleveland on Dec. 17 in the
industrial part of Cleveland. The yard is expected to develop a
strong peddler scrap base, service new accounts and support
existing yards in Akron and Youngstown.
Joseph Immormino is managing the
Ohio yard, which will employ about eight workers, Drury said.
The company is leasing the land and has acquired some of the
existing equipment at the yard.
The facility had previously been
operated by Lakeside Scrap Metals Inc., which closed its doors
over the summer (
amm.com, Aug. 1).
Meanwhile, wholly owned
subsidiary Metalico Rochester Inc. has purchased the assets,
property and inventory of Bergen Auto Recycling LLC. The
company will expand its buying, as well as continue the auto
parts business. Vehicles will be decommissioned and the bodies
will be sent to the companys Buffalo shredder.
The company did not disclose the
terms of either deal.