Scrap metal company will consolidate its ferrous business at its Bellwood, Illinois, facility.
Cozzi O’Brien Recycling, a scrap metal firm headquartered in the Chicago area, has announced plans to partially shut down its Franklin Park, Illinois, scrap metal facility. The company says its ferrous operations will be consolidated into its Bellwood, Illinois, facility, which it purchased in 2013.
Cozzi O'Brien says the Franklin Park retail buying facility will remain at the current location and the land will be put on the market for sale.
“The Bellwood property, just four miles from the Franklin Park location, is better suited for our business plan,” says Frank Cozzi, CEO of Cozzi O’Brien Recycling. “We have plenty of room for growth, and Bellwood is much more desirable logistically.”
George O’Brien, president of Cozzi O’Brien Recycling, says, “This is strictly a real estate play. With O’Hare Airport’s recent expansion, this property has become extremely attractive to several industries that serve the airport and the airlines.”
He adds, “We will continue to maintain a presence and serve the community in Franklin Par."