OmniSource, headquartered in Fort Wayne, IN, has acquired K&F Industries, located in Indianapolis.
The new facility will become headquarters for OmniSource's southern Indiana division, a newly formed regional business for the company. The new regional division will expand to include current and future OmniSource businesses in central and southern Indiana.
Two K&F principals, Greg Kroot and Barry Kroot, have agreed to join OmniSource as part of the transaction, with Greg assuming the regional executive position as division manager.
OmniSource is also planning significant capital investment in the Indianapolis facilities to increase capacity and serve an expanded customer base.
The company is prepared to install a new 6000 horsepower shredding and reclamation system, add new material handling and transportation equipment, and develop a new, high-volume nonferrous metals processing plant.