Dallas-based Venture Metals has announced that it plans to expand its presence in Asia by opening an office in Seoul, South Korea.
Venture is owned and operated by CEO Mike Uhrick and President Mark Chazanow. The company provides high-touch recycling solutions to the industrials, manufacturing, energy and metals sectors and supplies high-quality refined nonferrous and ferrous metals to domestic and international markets. The company buys metals including nonferrous metals, ferrous metals, high-temp alloys and electronic scrap. It also offers global scrap management as well as trading and brokering services.
In August, the company had announced that Venture Metals and New York City-based Great Mill Rock LLC dba Mill Rock Capital acquired Versatile Processing Group, which is based in Indianapolis, to create a company with more than $700 million in revenue and six processing facilities in the U.S. The new office represents the company’s first office outside of the U.S.
The company reports that an increased presence in Asia will allow it to broaden the value it offers to industrial customers. The focus of the new office will be to pursue strategic expansion opportunities and partnerships in South Korea, China, Japan, Vietnam and Singapore, Venture Metals reports in a news release announcing the expansion.
“We continue to be excited by the demand we have been seeing in Asia for our products and services and look forward to the success of our team in Seoul,” says Mark Chazanow, president of Venture Metals.