NEW YORK Alter
Trading Corp. has purchased the assets of All Metals Recycling
in Ottumwa, Iowa.
Alter said the
acquisition will allow it to develop a broader infrastructure
within Iowa and throughout the region.
"We are pleased to
undertake this opportunity to serve Ottumwa and the surrounding
community for their scrap metal recycling needs," Mike Vail,
Alters vice president of operations for the region, said
in a statement.
All Metals Recycling,
which operates out of a single location handling both ferrous
and nonferrous scrap, will begin operating as an Alter company
immediately, Alter said Dec. 12. The company previously was
owned by Greg Goldizen, who will continue to be a supplier to
Alter and will retain his separate business operating as
Goldys Auto Salvage in Ottumwa.
St. Louis-based Alter
Trading currently operates 52 metal recycling facilities and
five trading offices in eight states, as well as a
representative sales office in Hong Kong.