PITTSBURGH Metalico Inc. is purchasing the assets of Pennsylvania scrapyard Skips Recycling, sources familiar with the deal said, although the company declined to comment.
The deal will include the Conway, Pa., assets of Skips Recycling, a ferrous and nonferrous buying yard with some processing capability, sources said.
Chuck Menzock, owner of Three Rivers Scrap Metal Inc., Pittsburgh, is reportedly the seller. The deal does not include the Pittsburgh assets, according to sources. Menzock did not respond to a request for comment.
Cranford, N.J.-based Metalico has no comment on the purported Beaver County acquisition, chief operating officer Michael Drury said. There were no regulatory filings on the matter as of Feb. 6.
The Conway yard is located 16 miles from Metalicos Neville Island, Pa., auto shredding operation and could deepen its local footprint and provide a dedicated supply of feedstock.
Metalicos Pittsburgh division includes Metalico Neville and yards in Brownsville, Hadley and Uniontown, all in Pennsylvania, as well as Colliers, W.Va.