Metro Group Inc., a recycling company headquartered in Salt Lake City, has acquired Arrow Metals Trading, a brokerage company located in St. Louis. In a news release, Metro Group says the purchase will allow increased growth in the company’s international and domestic markets and deliver more opportunities for its customers.
“We’ve had discussions with Arrow for the past several years, and this provides a great fit for expanding our trading division,” says Mark Bond, CEO of Metro Group. “Even though the market has taken a downturn, we’ve managed to remain aggressive, allowing us the opportunity to add another reputable company to our organization.”
The new release says Arrow Metals Trading, founded in 1993, has business partners throughout the world. The acquisition comes as a result of a long-standing relationship between the two family-owned businesses and will allow suppliers expanded availability to markets and new consumers in Asia, Latin America and Europe, as well as in the United States.
“We are thrilled to be part of such a highly respected, well-run organization,” says Charlie Lordo, former manager of Arrow Metals Trading and son of the company owners. “My family has long-admired Metro Group’s unrivaled customer service and strong commitment to core values. We look forward to servicing our customers in a much greater capacity.”
Metro Group Inc. has eight facilities throughout Utah, Nevada and Idaho, and a new trading office in Missouri doing business domestically and internationally.