Alter Acquires Illinois Company

Alter Trading Corp., St. Louis, has purchased E&J Metals and Auto Parts Co., Rock Island, Ill. Alter is a privately held scrap processing and trading firm with nearly 40 facilities and more than 900 employees. 

“The acquisition of E&J will increase Alter’s presence in Illinois, further strengthening one of the largest scrap metal recycling companies in the United States,” the company says it a news release announcing the deal, which was completed June 30, 2010.

As part of the acquisition, a new entrance and scale will be installed at the Rock Island facility to offer what Alter calls “a customer-friendly approach to recycling.”  

“This acquisition puts us closer to our customers in the Illinois Quad Cities and continues our philosophy of better meeting our suppliers needs by offering exceptional service,” says Robert S. Goldstein, chairman, CEO and president of Alter Trading Corp.

“We are pleased to undertake this opportunity to serve the Rock Island community for both metals recycling and future auto parts needs,” says Jay L. Robinovitz, senior vice president and COO of Alter.

“The strategic location offers a unique opportunity to expand our Wrench N Go self-service auto parts platform, our recyclables collection activities and our service to community and industry suppliers,” says Steve E. Soltis, Alter vice president of operations.

Founded in 1898, Alter Trading operates 39 metal recycling facilities and five trading offices in eight states as well as a sales office in Hong Kong.