NEW YORK Sadoff Iron & Metal Co. said it has reached an agreement in principle to acquire Fond du Lac, Wis.-based Aluminum Resources Inc.
Fond du Lac-based Sadoff said it plans to take official ownership of Aluminum Resources, a processor and supplier of foundry and mill grade recycled aluminum products, by March 31.
This acquisition adds a niche market for us that complements our current aluminum and nonferrous business activity, Sadoff chief executive officer Mark Lasky said in a statement, noting that Aluminum Resources will assume the Sadoff name.
The terms of the deal were not disclosed.
Sadoff, a privately held ferrous, nonferrous, alloys and e‐scrap recycling company, conducts business in 37 states and exports to China, Mexico, South Korea, India and Canada.