Dive Summary:
- Michigan based, Schupdan & Sons announced yesterday that it was buying a South Bend, Indiana metal recycling facility from Shapiro metals.
- Terms of the deal were not disclosed
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Schupan previously purchased Ohio-based Tri-State Aluminum Distributors, which has facilities in Dayton and Toledo.
From the article:
Schupan & Sons Inc. said it is buying the South Bend, Ind., metal recycling facility of Shapiro Metals Inc. for an undisclosed amount.
The Kalamazoo, Mich.-based Schupan said in a news release that with the recent shrinking of the recreational vehicle industry, the deal makes sense for both companies. Shapiro will concentrate on growth in other areas of the country and Schupan can fully utilize its industrial scrap processing capacity in Elkhart, Ind., which is near South Bend. The company operates 10 facilities in the Midwest.
