Cycle Systems, a scrap metal recycling firm based in Roanoke, Va., has purchased a vacant warehouse in Roanoke that will be used for the company’s CSI Surplus subsidiary, which markets valves, breakers, electrical motors and other industrial equipment that can be refurbished and sold on the open market.
According to a local news report, Cycle System bid $260,000 for the facility. Neal Brenner, co-owner of Cycle Systems, says that the new warehouse, which is roughly 56,000 square feet in size, is about 20,000 square feet larger than the company’s present space, which the company leases.
The company will be doing renovations of the building, and hopes to fully utilize the new facility later this year.
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