Shapiro Metals Holding Co. has increased its footprint in Texas
with the launch of its third scrap collection and processing
facility in the state.
The St. Louis-based
metals recycler on June 17 opened a 40,000-square-foot facility
in Denton and expects processing to start by July. The site is
the companys ninth scrap recycling facility in the
country, president and chief executive officer Bruce Shapiro
The launch was
triggered by the addition of new industrial accounts in the
Dallas area, he said.
The company, which
primarily focuses on nonferrous metals, processes more than 100
million pounds of nonferrous scrap per year, Shapiro said. It
also processes 50,000 gross tons of ferrous scrap annually.
offer any details on the project investment or any other
imminent yard launches, except to note that "there are a couple
of other irons in the fire."
He ruled out any
acquisitions, however, noting that the company will continue to
grow organically only.
"All our growth has
been organic. We dont look at acquiring companies," he
The scrap industry is
expected to improve in the coming months, Shapiro said when
asked if the current business environment was conducive to such
"Industry margins are
a bit tighter at the moment, but I think things will improve.
... They are getting better. Manufacturing is steady, aerospace
is good, automotive is good and the trailer business is
decent," he said.