MetalX completed the acquisition of the assets and business of Metal Shred Industries LLC (MSI), a scrap aluminum toll processor located in Indiana.
MSI, founded in 2006 as an affiliate of Metropolitan Alloys, is in the business of shredding scrap aluminum on a toll basis for a variety of customers. The company designed and operates a unique shredding and separation system that recovers and returns high quality shredded aluminum products to its customers, and has developed a reputation as the premier toll processor in the Midwest. MSI currently processes almost 20 million pounds annually.
MetalX intends to maintain the company’s current toll processing relationships and volumes, but also plans to expand the scope of operations. Over the next several months, the company estimates that annual volumes at this facility will increase to over 40 million pounds, and will serve as a key element of MetalX’s ongoing efforts to develop new and more refined scrap aluminum products. The MSI name will be retired and the facility will be identified as MetalX, effective immediately.
Published in the October 2015 Edition of American Recycler News