Cozzi O'Brien Acquires Elixeon Assets

Cozzi O’Brien Recycling, headquartered in Franklin Park, Ill., has acquired the industrial scrap metal recycling company Elixeon, which was founded by Frank Cozzi Jr. in 2004 and later joined by Anthony Cozzi, according to a press release issued by Elixeon.

Cozzi O'Brien Recycling was formed in 2009 when O'Brien Recycling Corp. and Cozzi Partners united to form the new company. Cozzi O'Brien Recycling has opened three locations in the Chicago area.

Cozzi Partners, which is owned by Frank, Albert and Greg Cozzi, also owns Glendale Iron& Metal, Glendale Ariz.
In acquiring Elixeon, Cozzi Jr. will join Cozzi O’Brien Recycling as vice president with responsibility for continuing Elixeon’s customer service, as well as other operational duties. Anthony Cozzi will become vice president of operations with the added responsibility of nonferrous sales.

"Reuniting the Cozzi family actually has been happening over the last several months. Prior to forming Cozzi O'Brien Recycling, Cozzi Consulting Group worked with O'Brien Recycling on many of the operational functions of the company," says Frank Cozzi.

One advantage to adding the two companies together is that the combined company will increase the tonnage processed by around 25 percent, Frank Cozzi adds. The three facilities will primarily handle industrial ferrous and nonferrous scrap, although the company does take in some obsolete material.

George O'Brien III, Cozzi O'Brien Recycling president and COO, says, "The addition of Elixeon is another great step in the company's growth since our formation just two years ago. Personally, I could not be more pleased to welcome Frank and Anthony to the Cozzi O'Brien Recycling team."

Details of the acquisition were not released.
Cozzi says that the company hoped to relocate its headquarters and nonferrous operations from its existing facility by the fall of 2011.

For further information contact Frank J. Cozzi at 630.209.6223 or frankc@cozziobrien.com.