Alter Acquires Reliable Recycling

Alter Trading Corp., St. Louis, has purchased Reliable Recycling Co., a metals recycling firm with four locations (three in Wisconsin and one in Michigan). Alter, a privately held firm that employs more than 870 people, has acquired Reliable Recycling effective July 12, 2010.

Reliable Recycling (www.reliablerecyclinginc.com), formerly based in Green Bay, was founded in 1995 and according to an Alter news release “has grown steadily over the past 15 years offering both ferrous and nonferrous metal recycling services.”

“This acquisition will only serve to enhance Alter’s unwavering commitment to our consumers, our employees, the environment, and to the communities in which our facilities are located,” says Robert S. Goldstein, chairman, CEO and president of Alter Trading Corp. (www.altertrading.com).

“After many years of working closely with the folks at Alter, I am excited for myself and my team to join the Alter family,” says Mark Wilson, Reliable’s former owner and president. Wilson will remain with Alter and work from Green Bay following the transaction in the position of marketing manager, according to the Alter news release.

“I am pleased to welcome Mark and the entire Reliable team to Alter Trading,” says Jay L. Robinovitz, senior vice president and chief officer of operations at Alter. “The exceptional quality of the Reliable facilities and the company’s employees make it a strong cultural fit with our existing organization.”

With the acquisition Alter, which was founded in 1898, will operate 38 metal recycling facilities and five trading offices in eight states, as well as a representative sales office in Hong Kong.