Alter Trading acquires Wisconsin scrap dealer

Alter Trading Corp., St. Louis, says it has reached a definitive agreement to purchase the assets of Wausau Scrap and Recycling Corp. (WSRC), located in Wausau, Wisconsin. The deal was reached Jan. 30, 2015.

WSRC, founded by the Wallach family, has been in operation since 1951. Peter Wallach ran the facility from 1966 until his death last year.

The company handles ferrous and nonferrous scrap metals.

"Peter ran a great business and was a strong supporter of all local business in the Wausau area,” says Bill DeWindt, Alter Trading regional director of operations for its northern Wisconsin business. “We look forward to continuing in his footsteps.”

Toby Wallach, Peter's widow and chairman of WSRC, says, "After working for decades to build this business and maintain good family-supporting jobs for our community, we were committed to finding a buyer that would continue our traditions of integrity and fairness by valuing the employees and providing excellent customer service. With Alter, a family-oriented group with a great reputation, we found the honest, dedicated leadership that will continue this company's success into the future."

Alter operates roughly 50 scrap recycling facilities, primarily in the Midwest, including 16 scrap yards in Wisconsin, according the company’s website.