Company also purchases larger Metso shredder for North Little Rock, Ark., yard and property for a second auto shredder in Rogers, Ark.
In addition to expanding its automobile shredding operation, A. Tenenbaum Co. Inc., based in North Little Rock, Ark., has announced the formation of a new operating subsidiary named Tenenbaum Recycling Group (“TRG”) and the acquisition of three recycling centers in Arkansas.
TRG will own and operate the Tenenbaum Recycling Center in North Little Rock as well as three other recycling centers the company recently purchased in Arkansas: Tom-Bar Recycling Center in Harrison, the Tom-Bar Recycling Center in Berryville and the Hummelstein Recycling Center in Jonesboro.
“The acquisition of these thriving businesses guarantees us a substantial portion of the feed stock necessary to supply our shredding operation and to enable us to continue the supply of high grade metal to our customers,” Jack Grundfest, president of A. Tenenbaum Co., says.
Additionally, TRG has purchased a Metso 98-104 shredder with an Alstom 6,000-horsepower motor, which will be up and running in North Little Rock by late summer, 2009, according to the company. TRG also has acquired land in Rogers, Ark., on which to locate a Metso 80-104 shredder, which will be driven by an Alstom 4,000-horsepower motor.
“The acquisition of the Rogers property and the opportunity to locate an automobile shredding operation in the Northwest Arkansas corridor is an exciting development for TRG, particularly for our recycling centers and our dealers in northern Arkansas,” Grundfest says.
A. Tenenbaum Co. is a 118-year-old family-owned business that employs 475 people and operates recycling centers in North Little Rock, Harrison, Jonesboro and Berryville, Ark., as well as a secondary aluminum smelting plant, Arkansas Aluminum Alloys, in Hot Springs, Ark. In addition, the company has dealers throughout the mid-south region and owns more than 1,400 scrap trailers and roll-off boxes.