Universal Scrap Metals (USM), a Chicago-based scrap metal recycling, has acquired the assets of Premier Metals Recycling, a Chicago-based processor of scrap copper. According to a news release, with the acquisition, USM adds extensive copper recycling capabilities to the ferrous, nonferrous, electronics and composite scrap recycling activities conducted by its current companies: Universal Scrap Metals, USM Processing, USM Recycling and USMe Electronic Assets Recycling.
“We are excited about the benefits we will gain from the synergy between our two companies’ operations," says Jason Zeid, USM vice president and president of the other USM companies. "The addition of Premier’s knowledgeable employees and specialized technology, and copper recycling equipment will bolster our existing copper recycling operation and add significantly to our ability to serve our customers' comprehensive needs.
We are also pleased about the benefits that USM’s electronics recycling division will realize—namely expanded capability to process electronic scrap through the copper processing line.”
Todd Fingerman, former president of Premier, will head the new USM expanded copper operation, with the title of USM director of copper processing. The Premier chopping operation, enhanced with new equipment, will be located in a newly built-out dedicated copper processing space at USM’s headquarters facility in Chicago.
“We can assure Premier customers that the excellent service they received in the past will continue,” Fingerman says, “and is now backed by USM’s considerable size, stability and many years of experience in the recycling industry.”