SCRAP METAL SERVICES ANNOUNCES ACQUISTION OF SHREDDING OPERATION IN NORTHERN INDIANA
Scrap Metal Services, LLC (SMS) is pleased to announce that it has acquired the auto shredding operation of 360 Degree Metal Recycling, Inc. and full-service scrap yard in New Carlisle, IN. This existing facility, whose assets were acquired today, is strategically located to enable SMS to cost-effectively transport shredder feedstock scrap including vehicles and obsolete scrap from its nine Northwest Indiana and Chicago, IL retail facilities and auto parts operations.
SMS’ new facility was designed and constructed on 26 acres to be an efficient, low-cost and environmentally safe shredding operation. The state-of-the art auto shredder is an American Pulverizer 80″ X 104″ Hammer Mill with a Quad Plus 4000HP motor capability was installed in 2012.
The shredded ferrous scrap produced will be sold and shipped by truck and rail to steel mills in the Midwest for re-melting into new steel products. The metallic shredder residue (Zorba and Zurik) will be sent to SMS’ Non-ferrous Division’s recently opened Heavy Media Plant in Blue Island, IL for further separation of the various metals recovered in the shredding process.
“We have been looking at siting a major auto shredding operation in the Chicagoland or Northern Indiana area for some time to primarily process our company’s growing shredder feedstock. Rather than add another shredder in this highly competitive marketplace, acquiring an existing shredding operation in the area, which met our company’s environmental standards, was economically prudent and strategically a good fit”, says Jeffry Gertler, CEO.
About Scrap Metal Services, LLC
Scrap Metal Services, LLC (SMS), headquartered in Burnham (Chicago), IL, operates over twenty scrap processing, steel mill support services, ship breaking and oil rig dismantlement intermodal/truck/railcar dismantling facilities and auto parts sales yards in the United States and Mexico. SMS provides full-service scrap management, consulting and purchasing services to industrial scrap generators and demolition contractors, on a local and national basis. SMS is a supplier of ferrous and nonferrous scrap commodities to both domestic and international consumers and offers brokerage and trading services to other scrap companies.