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Steel City Recycling buys Sims operations

Keywords: Tags  Steel City Recycling, Sims, shredder, scrap processing yard, acquisition, MetalX, Jefferson Iron & Metal Brokerage, Intonu


PITTSBURGH — Steel City Recycling LLC, a conglomerate of industry veterans, has acquired Sims Metal Management Ltd.’s shredder plant in Birmingham, Ala., and a scrap processing yard in West Point, Miss., to serve as its flagship for the launch of a regional effort.

The deal had been in the works for some time ( amm.com, April 8).

Sims Metal has officially exited the Birmingham market but is still active in the Alabama and Mississippi markets, a company spokesman told AMM.

Birmingham-based Steel City Recycling is a joint venture that comprises Danny, Rick and Marty Rifkin of Waterloo, Ind.-based MetalX LLC; George and Paul Dreher of Birmingham-based Jefferson Iron & Metal Brokerage Co.; and John and John W. Marynowski of Atlanta-based Intonu LLC.

The three families also hold a stake in ARC Alabama LLC, a recycling entity that can process 250,000 tons per year of auto shredder residue.

“We’re looking forward to an opportunity to build a solid new business in the South. Despite tough conditions, we think our focus on business fundamentals, customer service, and our employees will result in the growth of a great company,” John Marynowski said.

Chuck Miller, who will serve as the company’s president, most recently worked as a regional manager for Commercial Metals Co.’s recycling division. Miller will initially focus on the processing capabilities that were part of the deal.

A 6,000-horsepower shredder, two Harris shears, an HRB-type nonferrous baler, and a wire-chopping line to recover aluminum and copper from insulated wire and cable were included in the sale.

Industrial customers and consumers will be serviced through a fleet of trucks, trailers and containers. The two facilities will initially employ 60 workers but may have as many as 100 employees within a few years.

“We expect the purchase of these facilities to establish a foundation for the growth of a leading regional scrap company. We’re also very proud to be able to provide new jobs in a still-difficult environment,” Paul Dreher said.

The scales will open July 29. The company received approval from the Birmingham City Council for a scrap metal processors license July 23 and a business privilege license was obtained in West Point July 10.

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