New York-based Upstate Shredding acquires Hazleton-based scrap company

Monday, 07 February 2011 11:59:02 (GMT+2)
On February 5, New York, US-based metal service center and recycler Upstate Shredding LLC - Ben Weitsman & Son, Inc. announced a purchase agreement to acquire Brenner Recycling, Inc., a retail scrap metal and recycling company located in the City of Hazleton, Pennsylvania. According to an official statement, the all-cash transaction is scheduled for closing on April 1 and key Brenner executives and all employees will continue in their positions. The other details of the planned acquisition were not disclosed. Brenner, a family-owned business in operation since 1925, grew from a used auto parts yard to become the largest scrap metal, paper and cardboard recycler in the greater Hazleton area, which is approximately a two-hour drive from Philadelphia and New York City. Since December 2009, Upstate has acquired scrap metal companies in Syracuse, Jamestown and Liberty, New York and in Towanda, Pennsylvania to add to its operations in Binghamton, Ithaca and Owego, New York. Upstate Shredding LLC - Ben Weitsman & Son, Inc. is the largest privatel- owned scrap metal processor and recycling center on the east coast of the US.
Tags: scrap , raw mat , USA , North America , steelmaking , M&A
(Sourced:steelorbis)