The CMC Recycling division of Commercial Metals Co., Irving, Texas, has entered into an agreement with Industrial Container Services (ICS) to oversee the handling and sale of scrap metals generated at all of ICS’s manufacturing plants.
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“I was skeptical at first about what CMC could do for us because I believed we were handling our scrap metal competitively,” says Calvin Lee, president and CEO of ICS. “However, CMC reviewed our scrap business and proved to us that they could create value for our organization without adding any additional cost. CMC delivered on their promise, and they are now our scrap metal partner at all ICS facilities.”
ICS is privately owned by Wingate Partners, a Dallas-based private equity group.
Says Larry Olschwanger, a vice president with CMC Recycling, “We are pleased to have forged this relationship with ICS and look forward to working together to maximize the disposition of the scrap metals generated from their manufacturing process.”
CMC Recycling’s National Accounts Group currently provides scrap management services to more than 350 manufacturing plants in North America and
Commercial Metals Co. and its subsidiaries manufacture, recycle and market steel and metal products as well as related materials and services through a network of metal recycling facilities, steel mini-mills, steel fabrication and processing plants, construction-related product warehouses, a copper tube mill, and marketing and distribution offices.