South Florida company acquires Pompano Scrap Metal.
Capital Scrap Metal LLC (CSM), based in Deerfield Beach, Fla., has announced the purchase of Pompano Scrap Metal, located in Pompano Beach, Fla. The newly acquired facility is about four miles from the processing site CSM refers to as its flagship location.
The addition of the 10-acre full service scrap metal facility will enable Capital Scrap Metal to expand its current market share in the South Florida region, the company says in a mid-July news release.
With this new acquisition, Capital Scrap Metal says it will be able to process “larger volumes of automotive scrap, heavy equipment and unprepared steel.”
Equipment at the site will include an Acculoader high-speed container loader, 90-foot Rice Lake scales, a Sierra RB 6000 logger, numerous Caterpillar and Komatsu excavators and several John Deere front end loaders. The facility will house a nonferrous warehouse and numerous Peterbilt roll off trucks, according to the CSM news releases.
The new location is about 45 minutes from the Port of Miami and 25 minutes from Port Everglades in Fort Lauderdale, providing CSM with what it calls direct access to offshore shipments and international markets. The company will continue to purchase scrap from the Miami, Fort Lauderdale and West Palm Beach tri-county region, it says.