PSC Acquires Tennessee Companies

PSC Metals Inc., a Cleveland-based metals recycling company, has acquired the assets of two Knoxville, Tenn., scrap metal recycling companies. The two companies, Metals Solutions, a secondary aluminum producer; and Knox Recycling, a scrap metal facility, are owned by Dale Ferraro and Jason Loveland. Both former owners will remain with the company.

A spokesman for PSC says Metals Solutions is an ingot converter that will allow PSC to diversify its operations into the ingot converting and aluminum tolling operations. Metals Solutions’ operations will be folded into PSC Metals’ Knoxville operations.

Knox Recycling will be used as a feeder yard to supply PSC’s auto shredder, which was opened in Knoxville in early 2011.
The acquisitions also will allow PSC to diversify its business, while protecting its business in anticipation of a recovery in the U.S. economy, the company says.

This is the fourth acquisition PSC Metals has made in 2011.