Dive Brief:

• Cohen Recycling’s Baker Iron and Metal division has inked a deal to acquire Wise Recycling of Lexington.
• The purchase of Lexington, KY-based Wise Recycling purchase is expected to expand Baker’s market share in the state. Cohen will also be touted as the only metal recycling plant in the city.
• Middletown, OH-based Cohen Recycling said that the Wise facility in Lexington is now closed, with employees staying on at Baker and transitioning to work in its two facilities in Lexington. 

Dive Insight:

The Baker family began the recycling company in 1921 using the name Baker Iron & Metal Company, while in Ohio, the recycling firm Cohen Brothers Inc. was founded in 1924. Cohen eventually acquired the Bakers' company.

Currently, the firm operates 20 recycling facilities across three states.