The scrap metal recycling company Schupan & Sons Inc., headquartered in Kalamazoo, Mich., has acquired the South Bend, Ind., scrap yard from Shapiro Metals, a St. Louis-based metals recycling firm. The deal was made Aug. 1.
Bruce Shapiro, president of Shapiro Brothers, says transaction was a strategic move for both companies. “Schupan does business similar to us,” Shapiro says. “We respect each other.”
The South Bend facility is set up to handle ferrous and nonferrous scrap exclusively from industrial sources.
Shapiro Metals recently opened a new recycling facility in Mobile, Ala. The yard, opened in June, handles nonferrous scrap from industrial sources.
Shapiro Metals is a fourth-generation, family-owned metal recycling business with nine recycling centers.
Schupan & Sons says the transaction made sense for both companies in light of “the shrinking of the RV (recreational vehicle) industry during the economic downturn.” The company adds, “Shapiro will concentrate on growth in other areas of the country, and Schupan can fully utilize their processing capacity in Elkhart.”
Marc Schupan, owner of Schupan & Son, says, “Both companies’ business philosophy in servicing their customers were very similar.”
Schupan & Sons has three divisions: industrial recycling, aluminum sales and plastic sales. The company operates 10 facilities throughout the Midwest.
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