NEW YORK Alter
Trading Corp. will purchase recycler Columbus Metal Industries
LLC, the scrap metal processor and broker said.
The addition of the
Columbus, Neb.-based companys recycling locations will
make Alter Trading the largest metals recycling company in
Nebraska, with 10 collection and processing locations in the
state and 51 metals recycling facilities in the United States
that serve residential, commercial and industrial clients, the
company said Sept. 27.
"The addition of the
six (Columbus Metals Industries) facilities strategically
located along the I-80 corridor, including its two shredders
(Columbus and Kearney, Neb.), two auto parts facilities and its
strong team of dedicated employees, make this an excellent
addition to Alters western region," Alter Trading
president and chief operating officer Jay Robinovitz said in a
"This combination of
two strong companies expands our processing capabilities and
will allow Alter to offer superior service to customers
throughout the region and beyond," Mike Vail, Alters vice
president of operations, said.
acquisition, St. Louis-based Alter will have 1,268 employees
and five trading offices in eight states, along with its
representative sales office in Hong Kong.