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Ohio recycler and foundry files for Chapter 11

Keywords: Tags  metal recycler, aluminum foundry, bankruptcy, Global Scrap Management, Altimet, Christopher Hamm, Lisa Gordon

PITTSBURGH — A recycler and aluminum foundry in Batavia, Ohio, has filed for Chapter 11 bankruptcy protection.

Global Scrap Management Inc., along with Altimet, its aluminum foundry division, lists more than $1.96 million in assets and nearly $4.35 million in liabilities in documents filed in U.S. Bankruptcy Court in Ohio.

Some of the company’s largest creditors include Plymouth, Mich.-based Metaldyne LLC’s operations in Bluffton, Ind. ($245,619) and Fremont, Ind. ($78,466), Wilmington Iron & Metal Co. Inc., Wilmington, Ohio ($339,838), M&M Metals International Inc., Chicago ($168,461), Shapiro Metals Co., St. Louis ($149,846), Combined Metal Industries Inc., Toronto ($127,592), Moskowitz Bros. Inc., Cincinnati ($106,366), Byer Steel Corp., Cincinnati ($94,825), Midwest Iron & Metal Co., Kenner, La. ($89,162), Wimco Metals Inc., Pittsburgh ($88,397), Baker Iron & Metal Co., Lexington, Ky. ($78,569) and Cohen Brothers Inc., Middletown, Ohio ($72,962).

Global Scrap Management president Chris Hamm could not be reached for comment.

The company started in 2003 as an aluminum brokerage firm. It opened a scrap processing facility in 2008 and opened its Altimet secondary aluminum smelter in 2011, according to its website.

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