Metal Source purchases Bedford Recycling Inc.

Metal Source LLC, headquartered in Wabash, Indiana, has acquired the assets of Bedford Recycling Inc., which has locations in Bedford and Mitchell, Indiana.

The purchase follows Metal Source’s 2021 acquisitions of Decatur Salvage, a 12-acre metals recycling facility at 7870 US 27 in Decatur, Indiana, and Secondary Metals, which operated a 2-acre yard in Peru, Indiana. In 2022, the company purchased Huntington Aluminum in Huntington, Indiana.

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Bedford Recycling’s facilities include an auto shredder in Bedford, which will be Metal Source’s first, a wire chopping line and other ferrous and nonferrous processing capabilities. The Bedford and Mitchell facilities will be Metal Source’s eighth and ninth locations. In addition to scrap yards in Wabash, Peru, Decatur and now Bedford and Mitchell, Metal Source operates two plants in Wabash and one plant each in Huntington and Marion, Indiana, that produce 356 sow and ingot, aluminum de-ox products and 380 sow and ingot.  

“I’m thrilled to announce this purchase,” says Ben Gebhart, CEO of Metal Source and Gebhart Holdings, its parent company. “This will allow our company to expand our capabilities and footprint, as well as allow for integration and diversification within our current business. Geographically, this will allow for additional support in the area for other businesses we service.”

Colin P. Denihan, Metal Source chief commercial officer, says, “The Parsons family has built a successful business and a legacy with Bedford Recycling. We look forward to instilling our Metal Source core values and growing the operations.”