Alter Trading Corp. purchased the real estate and operating assets of Recycling Industries of Iowa, Inc. and Weissman Industries from assignee for the benefit of Recycling Industries’ creditors.
Alter hopes to reopen the operations at the Weissman yard this week. The sale continues the sell off of various scrap yards acquired by Recycling Industries. The company was one of the three large consolidators that swept the recycling industry during the mid 1990s. However, after these companies amassed facilities throughout the United States, all three of the companies saw their fortunes collapse. Unlike Phillip Services and Metal Management, Recycling Industries ended up closing down altogether. Over the past year many of the idled scrap yards have been snapped up by independent scrap operations.
RII purchased the Weissman operations in August 1996 and operated the facility until the company filed for bankruptcy protection Feb. 1999.
According to Robert Goldstein, President of Alter Trading, “we are extremely pleased to own the former Weissman facility. This facility fits extremely well with our other locations and will allow us to better serve our customers.”
Alter Trading, headquartered in St. Louis, is one of the largest scrap processors in the Midwest. The company has has scrap metal processing operations in Council Bluffs, Davenport, Cedar Rapids, Dubuque, Des Moines and Burlington, Iowa; Lincoln, Norfolk and Grand Island, Nebraska; Quincy and Peoria, Illinois; LaCrosse, Wisconsin; and St. Paul, Minnesota in addition to the two Waterloo sites.
Sponsored Content
SENNEBOGEN 340G telehandler improves the view in Macon County, NC
An elevated cab is one of several features improving operational efficiency at the Macon County Solid Waste Management agency in North Carolina. When it comes to waste management, efficiency, safety and reliability are priorities driving decisions from day one, according to staff members of the Macon County Solid Waste Management Department in western North Carolina. The agency operates a recycling plant in a facility originally designed to bale incoming materials. More recently, the building has undergone significant transformations centered around one machine: a SENNEBOGEN telehandler (telescopic handler).
Sponsored Content
SENNEBOGEN 340G telehandler improves the view in Macon County, NC
An elevated cab is one of several features improving operational efficiency at the Macon County Solid Waste Management agency in North Carolina. When it comes to waste management, efficiency, safety and reliability are priorities driving decisions from day one, according to staff members of the Macon County Solid Waste Management Department in western North Carolina. The agency operates a recycling plant in a facility originally designed to bale incoming materials. More recently, the building has undergone significant transformations centered around one machine: a SENNEBOGEN telehandler (telescopic handler).
Sponsored Content
SENNEBOGEN 340G telehandler improves the view in Macon County, NC
An elevated cab is one of several features improving operational efficiency at the Macon County Solid Waste Management agency in North Carolina. When it comes to waste management, efficiency, safety and reliability are priorities driving decisions from day one, according to staff members of the Macon County Solid Waste Management Department in western North Carolina. The agency operates a recycling plant in a facility originally designed to bale incoming materials. More recently, the building has undergone significant transformations centered around one machine: a SENNEBOGEN telehandler (telescopic handler).
Sponsored Content
SENNEBOGEN 340G telehandler improves the view in Macon County, NC
An elevated cab is one of several features improving operational efficiency at the Macon County Solid Waste Management agency in North Carolina. When it comes to waste management, efficiency, safety and reliability are priorities driving decisions from day one, according to staff members of the Macon County Solid Waste Management Department in western North Carolina. The agency operates a recycling plant in a facility originally designed to bale incoming materials. More recently, the building has undergone significant transformations centered around one machine: a SENNEBOGEN telehandler (telescopic handler).
Sponsored Content
SENNEBOGEN 340G telehandler improves the view in Macon County, NC
An elevated cab is one of several features improving operational efficiency at the Macon County Solid Waste Management agency in North Carolina. When it comes to waste management, efficiency, safety and reliability are priorities driving decisions from day one, according to staff members of the Macon County Solid Waste Management Department in western North Carolina. The agency operates a recycling plant in a facility originally designed to bale incoming materials. More recently, the building has undergone significant transformations centered around one machine: a SENNEBOGEN telehandler (telescopic handler).
Get curated news on YOUR industry.
Enter your email to receive our newsletters.
Latest from Recycling Today
- Coperion, Herbold bringing plastic recycling technologies to K Show
- Schupan and Sons appoints VP of Human Resources
- Vanden launches catalogue for recycled PET resins, flake
- PCA: Corrugated products customers ‘cautious’ amid economic uncertainty
- McKinsey sees recycling as an aluminum supply necessity
- RegenX delays annual report, says it is nearing facility restart
- WM Kelley moves into new offices
- US Senate backs reduced cuts to EPA