PSC Metals Acquires Missouri-based Scrap Metal Recycler

PSC Metals, a Cleveland-based scrap metal recycler with more than 40 scrap metal facilities in Ohio, Pennsylvania, Alabama, Georgia, Kentucky, Tennessee and Missouri, has acquired Shapiro Brothers, based in Festus, Mo. Shapiro operates four facilities in Missouri, Illinois and Arkansas, including an auto shredder at its Festus facility. The shredder processes between 4,000-8,000 tons of material per month. Shapiro handles both ferrous and nonferrous metals, as well as construction and demolition waste.

The acquisition of Shapiro Brothers, which closed on Sept. 16, follows PSC’s acquisition of Cash’s Scrap Iron & Metal, a St. Louis-based scrap metal recycler in January 2011. Cash’s operates five scrap metal facilities in the St. Louis area.

PSC also purchased Wedel Iron and Metal, Crossville, Tenn., in May 2011 to bulk up its business in the Tennessee triangle area.

Edward Lehner, PSC’s CFO, says the company has been strengthening its business in the Midwest area to densify its geographical presence and provide increased coverage in the region. The newly acquired Shapiro Brothers will expand PSC’s capabilities in providing raw materials to many of the steel mills that operate around the Mississippi River, including Nucor in Hickman, Ark., and Severstal in Columbus, Miss.

Owned by Greg and David Shapiro, Shapiro Brothers employs about 63 people, all of whom will remain with PSC Metals.