Sadoff Iron & Metal Co., Fond du Lac, Wis., has reached an agreement in principal to acquire Aluminum Resources Inc., also based in Fond du Lac.
According to a news release distributed by Sadoff, Aluminum Resources, founded in 1988, processes and supplies foundry and mill-grade recycled aluminum.
“This acquisition adds a niche market for us that complements our current aluminum and nonferrous business activity,” says Sadoff CEO Mark Lasky.
The new company will take on the same name of the parent company and will operate under the Sadoff Iron & Metal Co. name.
Founded in 1947, Sadoff Iron & Metal Co. is a third-generation, privately held ferrous, nonferrous, alloys and electronics recycling company. Including this acquisition, Sadoff has seven recycling facilities in Wisconsin, along with two scrap metal operations in Nebraska.