Metal Management has completed the acquisition of substantially all of the assets of privately held Universal Recycling, Inc., a full service scrap processing firm, specializing in demolition, roll off boxes and mobile crane service.
Universal has three operating facilities, located in Gary, Chesterton, and La Porte, Indiana. The company handles about 80,000 tons of ferrous metals and 10 million pounds of nonferrous metals each year.
"Universal Recycling is a great addition to our already strong presence in the Midwest region," said Daniel Dienst, chairman, president and CEO of Metal Management. "We expect that this acquisition will be immediately accretive to Metal Management’s earnings per share and will provide us with three additional facilities in Northern Indiana from which to collect scrap metal and better serve our consumers."
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