Goldsmith Group Switches to eScrap Inc.

Eric Goldsmith has completed the purchase of the assets of the Goldsmith Group Inc. (GGI), Indianapolis, from his father, Phillip Goldsmith. The third-generation owner has also announced the adoption of a new name for the company: eScrap Inc.

“We are very excited about this transition and the potential growth of the company,” says Eric. “There is growing concern, locally and around the world, about what to do with exploding numbers of unwanted or obsolete electronics. We provide alternatives for companies and individuals who find themselves with equipment they no longer want or need.”

Eric says the eScrap Inc. name “better represents the work of the firm.” The business has three areas of focus:

• resale of used and refurbished electronics;
• repairing, rebuilding and electronic parts sales; and
• recycling and properly disposing of electronics deemed obsolete.

One of the company’s websites, www.usedprinters.com, serves as a virtual marketplace for printers and computer accessories. GGI also offers individual and corporate clients access to new and used equipment through a retail store in Indianapolis.

“With some strategic investments we plan to improve efficiencies and hire more employees to handle the growing demand for our services,” says Eric.

Goldsmith Group, Inc. was originally founded by brothers Max and Abe Goldsmith in 1912 as a scrap metal dealership. It has operated under the names of Goldsmith Steel Products and Goldsmith Pipe and Playground. In the 1970s, the company evolved to an electronics recycling company.

Over the years, GGI has dealt with tens of thousands of different electronic items including computers, printers, peripheral equipment, accessories, component parts, various electronics, medical equipment and more. Over the past century, GGI has served clients, large and small, including Eli Lilly, Cummins, Upjohn/Pharmacia/Pfizer, Bank One, Fifth Third, Union Federal and numerous educational institutions. The company won a Governor’s Award for Excellence in Recycling in 1991.

GGI has also added the newest data destruction software to protect clients’ data while making many of the hard drives available for reuse, while still offering hard drive destruction for those companies who are not willing to allow their hard drives to be reused.  

Eric Goldsmith has played a key role in the Indiana Recycling Coalition (IRC) e-Scrap Program by participating in the development of best practices for the industry, and was instrumental in a statewide education campaign on proper electronics management at www.escrapindiana.org.