Schupan & Sons Inc., Kalamazoo, Michigan has announced the purchase of a majority interest in Trinity Metals, an Indianapolis recycler of ferrous and nonferrous metals, magnesium and specialty metals, electronic scrap, fiber and plastics.
Marc Schupan, president of Schupan & Sons, says he is extremely pleased to have the talented employees of Trinity join the Schupan team. He adds that the acquisition of Trinity fits the Schupan growth strategy for its recycling division.
Schupan & Sons says it expects the partnership to allow for a more diverse product offering while broadening and simplifying its service area for existing key accounts.
Schupan says Trinity Metals is one of the largest post-consumer magnesium scrap processors in the United States. The company produces custom-made, mill-ready magnesium scrap that can be direct charged into aluminum furnaces. Trinity also offers a range of alloying products for aluminum producing plants. A spokesperson for Schupan adds that along with Trinity's history in the magnesium market, Schupan has strong relationships with consumers of magnesium.
Like Schupan Electronics Recycling, Trinity Metals is an R2 / RIOS (Responsible Recycling / Recycling Industry Operating Standards) certified facility for electronics recycling. Together, both companies say they will have a stronger presence in the metals world and will provide an additional service to increase value to both customer bases.
“I am very excited about the opportunity for Trinity to join forces with the Schupan team," says Wade Conner, president of Trinity Metals. "Trinity has done business with Schupan for many years; I have great respect for Marc Schupan and his management team. It is my firm belief that Schupan is an excellent fit for Trinity, both culturally and strategically."
Conner will remain as president of Trinity and his role with Schupan will be collaborative in a number of the market areas. The company also will operate under the larger umbrella of Schupan & Sons and will remain a separate entity.
Trinity Metals, founded in 2008, is currently affiliated with Houston-based CNA Metals and will continue its current operations at the Indianapolis location. With the acquisition, Schupan feels there will be an opportunity in the future to do business with CNA.
Conner will continue to lead Trinity as its president and financial partner. His years of experience and reputation will be a strong asset to the venture, Schupan & Sons says.
Schupan & Sons has 14 facilities in Michigan, Ohio, Indiana and Illinois. The company operates three different companies: Schupan Aluminum & Plastic Sales, Schupan Recycling and Schupan Industrial Recycling.
(photo is an overhead view of Schupan Aluminum & Plastic Sales' custom manufacturing floor.)