Notch Road Holdings LLC, an affiliate of Baltimore Scrap Corp., headquartered in Baltimore, has signed a Letter of Intent to acquire the assets of Union Processing Corp., North Chili, N.Y.
Union Processing is a scrap metal recycling company that has operated a shredder facility since 1975. “We are very excited about proceeding with the acquisition of Union, a very well-established company in the region with a solid customer base, an excellent work force and a strategic location that complements our northern Pennsylvania affiliate Penn Recycling’s shredder business and the Niagara Falls-based shredder startup, Falls Metal Recycling,” says David Simon, manager of Notch Road Holding.
Closing on the acquisition is expected to be complete by the third quarter of 2011.
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