MetalX LLC, a scrap metal recycling firm headquartered in Waterloo, Indiana, celebrated its second anniversary at the end of October.
The company opened for business Oct. 27, 2012, receiving its first load of scrap at its new state-of-the-art scrap processing plant located on 70 acres near Waterloo.
Founded by former OmniSource CEO Danny Rifkin, Rifkin’s son, Neal, and a team of metals industry veterans, the business has methodically expanded its footprint to include three facilities in the northeast Indiana cities of Waterloo, Auburn and Fort Wayne. Total scrap volume continues to increase, and current employment levels have reached 150 people, the company says.
“The last two years have certainly been exciting,” Danny Rifkin says. “Even though this is a tough business and current industry dynamics are challenging, we have achieved our initial objectives and have also been able to demonstrate that a well-capitalized, independent company with a cohesive team focused on creating value for customers, can build a sustainable business.”
He adds, “Our growth thus far confirms that our vision of creating an organization of dedicated people motivated by common goals can establish a foundation for long-term success is sound. Our people deserve all the credit for getting MetalX to this point.”
Privately held MetalX offers recycling, processing and trading of scrap and secondary metals in addition to providing consulting and management services to industrial scrap generators. The company says it “is focused on creating value through relationships with suppliers and consumers while utilizing the most current industry technologies.”
The company opened for business Oct. 27, 2012, receiving its first load of scrap at its new state-of-the-art scrap processing plant located on 70 acres near Waterloo.
Founded by former OmniSource CEO Danny Rifkin, Rifkin’s son, Neal, and a team of metals industry veterans, the business has methodically expanded its footprint to include three facilities in the northeast Indiana cities of Waterloo, Auburn and Fort Wayne. Total scrap volume continues to increase, and current employment levels have reached 150 people, the company says.
“The last two years have certainly been exciting,” Danny Rifkin says. “Even though this is a tough business and current industry dynamics are challenging, we have achieved our initial objectives and have also been able to demonstrate that a well-capitalized, independent company with a cohesive team focused on creating value for customers, can build a sustainable business.”
He adds, “Our growth thus far confirms that our vision of creating an organization of dedicated people motivated by common goals can establish a foundation for long-term success is sound. Our people deserve all the credit for getting MetalX to this point.”
Privately held MetalX offers recycling, processing and trading of scrap and secondary metals in addition to providing consulting and management services to industrial scrap generators. The company says it “is focused on creating value through relationships with suppliers and consumers while utilizing the most current industry technologies.”
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