PSC Continues Purchasing Spree

PSC Metals, Inc., announced the purchase of Knoxville Recycling Co., in South Knoxville, Tenn., a move that reflects the company’s strategy to expand its presence in Central Tennessee.

Knoxville Recycling, established 10 years ago, purchases ferrous and non-ferrous scrap metal. It operates on a 15-acre site.

As a result of the purchase, PSC Metals’ Tom McKelvy said, the company will further its ability to support Ameristeel and serve more customers in the Greater Knoxville area. The purchase will also drive more business to a shredder PSC Metals already operates in Knoxville, he said.

PSC Metals plans to add a warehouse on the Knoxville Recycling site that will be used for non-ferrous materials, McKelvy said.

Last month PSC Metals purchased Causey Enterprises, LLC, a Bowling Green, Ky.-based company that is a purchaser of ferrous and non-ferrous scrap metal.

Additionally, over the past year, PSC Metals refurbished the former M. Cohen barge dock at its Nashville location; purchased Gadsden (Alabama) Iron and Metal Co.; and moved to new corporate offices in Cleveland.