Scrap metal recycler reaches agreement to acquire Midwest Metals Recycling.
Sadoff Iron & Metal Co., Fond Du Lac, Wis., has reached an agreement to acquire Midwest Metals Recycling, based in Omaha, Neb.
Sadoff has received approval for a special use permit from the Omaha’s City Council and received a certificate of occupancy and salvage license from the Omaha Police Department and City Planning Department.
Earlier this year, Sadoff announced a 13-acre expansion plan for its current scrap metal receiving and processing facility in Lincoln, Neb., which it opened in 1999. In addition to the Lincoln yard, Sadoff operates six recycling facilities in Wisconsin.
“We are committed to the Nebraska market for the long term,” says Mark Lasky, Sadoff CEO. “Our team is excited about this growth opportunity. Midwest Metals has a great reputation and we look forward to enhancing partnerships in the Omaha market.”
Lasky says the company expects to make significant improvements to the site, including being able to store material outside and expanding the company’s operations, all in compliance of pertinent regulations. “We want to be a good neighbor. We want to run good operations, while growing our business,” he comments.
Midwest Metals was founded in 1991 as an aluminum can recycling operation. The company subsequently expanded its operations into other nonferrous commodities.
“The integrity of the buyer was a primary concern for me,” says Mary Bolin, a joint owner of Midwest Metals. “From our past business relationship, I know what Sadoff stands for and know that they will be great stewards for the employees here and the business going forward.”