Adam Weitsman of Upstate Shredding, LLC, a privately owned scrap metal processor and recycling center, has submitted a written proposal to the chairman, president and chief executive officer of Metalico, Inc. (MEA) to acquire all of the outstanding shares of MEA for $0.78 per share in cash.
American Specialty Alloys Inc. disclosed plans to develop a $2.4 billion mill and campus in Central Louisiana to provide strong, lightweight metal for the automotive and aerospace industries.
Verizon is offering a reward of up to $50,000 for information leading to the arrest and prosecution of the individuals responsible for the thefts of copper telephone cables in Beaver, Fayette, Lawrence and Washington counties in Pennsylvania.
Novelis and Red Brick Brewing Company, Georgia’s oldest operating craft brewery, shared that Red Brick will now offer its beer in aluminum cans made from Novelis’ evercan™ – the first certified high-recycled content aluminum can sheet.
Novelis reported net income grew to $46 million for the third quarter of fiscal year 2015, up significantly from the $13 million reported in the third quarter of fiscal year 2014.