Industry-Leading Scrap Metal Processor with Equipment for Significant Growth
The company is a scrap metal recycling facility with 35 years of experience buying, trading, and selling many types of metal. The company offers a full suite of services for customers, from retail and industrial businesses to traders and sellers of scrap metal. The company has one divisions for sale: a metals division . The company has a second and third division, the platinum metals division and the plastics division, which are not for sale.
Key Aspects
• Strong attention to detail and strategic capital investments enable the company to continue to expand
• Top-quality equipment that is nearly all new or newly-rebuilt
• Experienced, capable leadership team with 25+ combined years of scrap metal experience
• Strategic location provides preferable wage market, limited competition, and access to many ferrous and non-ferrous consumers
• Holds a list of over 7,000 unique suppliers
Opportunities
• Expand and grow non-ferrous wholesale business through consolidation and additional material processing
• Add rail service to access stronger markets outside the region
• Reduce freight costs by adding additional truck drivers to the team limiting the amount of freight costs outsourced
• Partner with local manufacturing company to vertically integrate the business
Headquartered
• Midwestern United States
Current Markets
• Purchasers, traders, and sellers of scrap metal and recycled plastics.
Real Estate
• The company operates from a 70,000 square foot facility leased from an affiliated entity with an additional 5.4 acres of property. There is room to grow in the current location, which is about 70% occupied. The real estate is expected to be included with the sale of the business.
