PSC Enters the Acquisition Fray

PSC Metals, Inc. announced its first acquisition of the year. The deal continues the steady move by larger scrap metal recycling firms to acquire operations. Over the first few weeks of 2007 several large-scale acquisitions have been made in the Midwest, with OmniSource, Alter Trading, and Ferrous Processing and Trading all making strategic acquisitions to strengthen their coverage in the Midwest.

In the most recent acquisition, PSCC has signed a definitive agreement to acquire the ferrous and non-ferrous assets at the Akron and Barberton, Ohio facilities of Ravenna Salvage, Inc., also known as Akron Recycling.

According to Benjamin Blemker, president and CEO, the two facilities will provide additional volume for PSC Metals’ new Canton, Ohio-based "super" shredder and better position the company to supply quality products to key scrap consumers across the region.

Additionally, Blemker said, the acquisition will complement PSC Metals’ recent investments in its non-ferrous operations at its Canton and Cleveland locations.

Akron Recycling, founded in 1995.

Under terms of the agreement, Akron Recycling’s owner, Don Schnackel, will retain Akron’s iron-processing business, which now will be called Akron Iron & Metal LLC.

Last year PSC Metals upgraded its Canton location into a full-service, non-ferrous operation. It built a dedicated structure for storing, processing and preparing larger volumes of non-ferrous materials. It added new computerized "touch screen" technology that speeds customer transactions and reduces waiting time for non-ferrous settlements.

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Shred Waste That Typically Slows Processes Down

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Shred Waste That Typically Slows Processes Down

The Komptech Terminator xtron single-shaft, high-torque shredder efficiently processes C&D, MSW, tires, and wood waste. • With a 440 HP CAT® Tier 4F engine, shred up to 60 tons every hour • Shred to defined sizes with the hydraulic adjustable cutting gap • Reduce fuel, labor, and maintenance with load-dependent processing

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Shred Waste That Typically Slows Processes Down

The Komptech Terminator xtron single-shaft, high-torque shredder efficiently processes C&D, MSW, tires, and wood waste. • With a 440 HP CAT® Tier 4F engine, shred up to 60 tons every hour • Shred to defined sizes with the hydraulic adjustable cutting gap • Reduce fuel, labor, and maintenance with load-dependent processing

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Shred Waste That Typically Slows Processes Down

The Komptech Terminator xtron single-shaft, high-torque shredder efficiently processes C&D, MSW, tires, and wood waste. • With a 440 HP CAT® Tier 4F engine, shred up to 60 tons every hour • Shred to defined sizes with the hydraulic adjustable cutting gap • Reduce fuel, labor, and maintenance with load-dependent processing

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Shred Waste That Typically Slows Processes Down

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