Former Industrial Scrap Corp. and OmniSource Corp. executive Jeffry Gertler has announced the formation of a new company, Scrap Metal Services Inc. (SMS), to be based in Flossmoor, Ill.
The company provides scrap management and brokerage services for both ferrous and nonferrous scrap suppliers and generators, according to Gertler.
Prior to forming SMS, Gertler was an owner and vice president of Industrial Scrap Corp. (ISC), located in East Chicago, Ind. That company specialized in the processing of ferrous and nonferrous scrap, handling as much as 500,000 tons annually.
Through market expansion and growth, ISC’s business grew from $5 million per year in revenue to more than $40 million by 1999. That year, the company was sold to OmniSource Corp. of Fort Wayne, Ind. From 1999 to 2004, Gertler held various executive positions, including vice president of marketing, with OmniSource.
“I look forward to embracing our vision of providing our suppliers with low cost, efficient, customized scrap removal programs, and our consumers with dependable, quality products,” Gertler says.
Future expansion plans for SMS include opening yard operations and trading offices in both Chicago and Northwest Indiana, according to a company news release.