MetalX LLC , Waterloo, Indiana, has announced that industry veteran David Riddell has joined the company’s management team. Riddell will have a senior management role focused primarily on nonferrous metal commercial and marketing activities.
Riddell’s background includes experience in the aluminum and zinc sectors, with involvement in scrap purchasing, brokerage and commercial management roles for companies in secondary smelting, international metal trading and sheet mill operations.
According to his LinkedIn profile, Riddell has previously worked for Spectro Alloys Corp., Rosemount, Minnesota; Aleris International and the former IMCO Recycling in Coldwater, Michigan; the former Samuels Recycling in Madison, Wisconsin; and most recently at Imperial Zinc Corp., Chicago.
Riddell joins MetalX as it adds wire chopping, metal extraction technologies and the production of customized melt products to its existing nonferrous scrap processing capabilities. The company previously announced it has started building a new nonferrous facility in Auburn, Indiana, and it plans to operate a “consolidated nonferrous metal plant” at that location.
In recent months MetalX has installed a Steinert metal extraction and fluff processing line that it says is now approaching full production. As well, MetalX says it is in the final stages of commissioning a new MTB wire chopping line. MetalX says it expects volumes at the facility to exceed a run rate of 100 million pounds annually by the end of 2014 with the potential to handle more than 180 million pounds per year in the future.
“We are excited for David to join the MetalX family, as his extensive knowledge, solid relationships and outstanding personal reputation will augment our current group at a time when we’re growing rapidly,” says MetalX CEO Danny Rifkin. “In addition, his business philosophy and style are so compatible with our culture that we expect him to hit the ground running.”
Riddell says, “I’m happy to be part of an exciting and energetic organization that looks at this industry in such a positive light. The company’s ability to develop clear strategies and then execute them offers a new challenge, and the focus on relationships, integrity and fundamentals is consistent with my approach to this business.”
MetalX was founded in 2012 by Danny and Neal Rifkin, third- and fourth-generation members of a family with a history in the scrap industry that includes overseeing OmniSource Corp., Fort Wayne, Indiana, for several decades. MetalX serves the ferrous and nonferrous scrap markets and now employs more than 140 people at three northeast Indiana facilities.