Reserve scrap firm to invest $20 million in new Ohio location

Metals and electronics recycling firm Reserve Management Group (RMG) will reportedly consolidate its northern Ohio operations in a 540,000-square-foot building in Stow, Ohio.

According to an online news report from Ohio-based Gatehouse Media, the Stow City Council has endorsed an income tax sharing grant agreement with RMG to entice it to relocate to a former adhesives manufacturing facility with some 500,000 square feet of plant space.

If the agreement goes through, RMG may invest some $20 million to make the space suitable for some 350 employees engaged in scrap metal and electronics recycling activities. Those employees currently work in one of two RMG sites in Solon and Twinsburg, Ohio. RMG also operates offices and facilities in Toledo, Ohio, as well as in Chicago and the states of Alabama, Arizona, Florida, Georgia, New York and Wisconsin.

A Stow economic development official is quoted by Gatehouse Media as saying RMG anticipates having “450 people working full time in Stow by [its] third year of operation, with an estimated annual payroll of $17 million.”

On its website, RMG describes itself as having been formed in 1991 and consisting of “a family of distinct but related businesses involved in recycling, scrap metal processing (ferrous metals, nonferrous metals, electronic scrap, plastic scrap), material handling, equipment sales and purchasing and property management.”