Metallix acquires North Carolina facility

Metallix Refining Inc., a precious metals recycling company based in Shrewsbury, New Jersey, has purchased a precious metals recycling facility in Maxton, North Carolina, from Brussels-based Umicore. The state-of-the-art scrap catalytic convertor processing facility was built four years ago and will allow Metallix to significantly increase its catalytic converter recycling capacity, the company says.

The Maxton facility has the capacity to process 4 million pounds of ceramic converters annually. It also is one of few locations in the world with a PGM (platinum group metals) recycling process for metal foil converters with the ability to process 3.5 million pounds per year.

This new facility complements Metallix’s existing refinery in Greenville that recycles and refines other types of scrap precious metals from the electronics, jewelry and specialty chemicals industries. “The acquisition of this facility will give Metallix a significant advantage in capacity, flexibility, reliability and speed while offering the catalytic converter market competitive pricing and an excellent customer experience,” the company states in a news release.

Metallix says it will retain the majority of the site’s employees in an effort to ensure a seamless transition and ensure maximum near- and long-term growth.

Eric Leiner, CEO of Metallix Refining, says, “We’re excited to own and operate this state-of-the-art auto catalyst recycling facility. This acquisition gives Metallix another opportunity to better serve the precious metals recycling market. Our business model and advanced technology makes investments like this possible. The Maxton facility will support our future PGM Pipeline endeavors as well.”

This facility acquisition happens in conjunction with the newly unveiled PGM Pipeline, an innovative recycling program powered by Metallix. The PGM Pipeline is a strategic alliance of companies with facilities dedicated to refining and recycling PGM metals quickly and in as few steps as possible. More information on the PGM Pipeline is available at http://metallixrefining.com/pgmpipeline.

ISO 9001:2008 certified Metallix has been purchasing, recycling and refining gold, silver, platinum, palladium and rhodium for more than 45 years.