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
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.
division includes Metalico Neville and yards in Brownsville,
Hadley and Uniontown, all in Pennsylvania, as well as Colliers,