Dive Brief:
- Upstate Shredding-Ben Weitsman, a scrap metal recycling company, announced the acquisition of Eastside Metals & Recycling Corp., a recycled auto parts and scrap metal recycler.
- The Fort Ann, NY Eastside Metals & Recycling Corp, will be renamed Ben Weitsman of Kingsbury. Upstate Shredding-Ben Weitsman plans to to start with cosmetic renovations and some new equipment for the facility.
- Neither side disclosed the purchase price of this all-cash deal.
Dive Insight:
Calling itself the largest privately-owned scrap metal processor on the East Coast, Upstate Shredding-Ben Weitsman Recycling owns almost 20 sites after it barreled through a series of strategic expansions throughout the past year. In August 2013, the company opened a $15-million scrap metal recycling facility and export yard located at the Port of Albany, NY. Other acquisitions include a recycling company in Pennsylvania and multiple properties across New York state. The company processes over one million tons of ferrous and 250 million pounds of nonferrous materials annually.
