OmniSource Acquires Mervis Locations

OmniSource Corp., Fort Wayne, Ind., has announced the acquisition of Mervis Industries’ facilities in Kokomo and Tipton, Ind., as well as that company’s minority interest in two joint ventures: Capitol City Metals in Indianapolis, Ind., and Recovery Technologies in Fort Wayne.

The acquisitions will add nearly 100 employees to the OmniSource workforce of more than 2,000, according to the company.

“These acquisitions will enhance our ability to serve our existing customer base in central Indiana and offer our services to an expanding universe of new customers throughout the central and southern parts of the state,” says Danny Rifkin, OmniSource’s president and chief operating officer.

“Moreover, completion of the transaction will allow us to consolidate the Indianapolis operations as a wholly owned business unit as we begin 2007,” adds Rifkin.

OmniSource Corp., is one of North America’s largest scrap metal companies, with annual sales of $2.5 billion generated from the handling of 6 million tons of ferrous scrap and 900 million pounds of nonferrous scrap, according to the company. OmniSource operates 42 facilities in the eastern United States and Canada.