Alter Trading Corp., headquartered in St. Louis, has purchased the assets of Gerdau’s St. Paul Barge Channel Road recycling facility in Minnesota. The acquired facility is next to a current Alter location and will allow Alter Logistics to complete the expansion of its St. Paul Terminal’s fertilizer business. Alter says it will hire all the current Gerdau team members.
“Gerdau and Alter have a long and mutually beneficial working relationship, and we at Alter appreciate Gerdau’s willingness to help us expand our terminal business,” says Jay Robinovitz, president and CEO of Alter. “We consider Gerdau a strategic trading partner, and we look forward to many years of continued business.”
Founded in 1898, Alter is a privately owned, fifth-generation company and is ISO 9001 and 14001 certified. The company employs 1,350 people and operates 70 metal recycling facilities and seven trading offices in eight states and a representative sales office in Hong Kong.