Dive Summary:

• Upstate Shredding has acquired Ithaca, New York-based Reamer Recycling Services in an all-cash transaction.
• Upstate expects to process 1 million tons of metal scrap and up to 200 million pounds of non-metals in 2014.
• Upstate Shredding opened a scrap and export facility at the Port of Albany last week and plans to acquire more properties in New York and Pennsylvania.

From the article:

In addition to the Ithaca facilities, Ben Weitsman also operates New York scrap yards in Syracuse, Binghamton, Owego, Rochester, Albany, Allegany, and Jamestown, along with Pennsylvania locations in New Castle and Scranton.

The company’s post-purchase plans include paving the facility, renovating its buildings, and installing new equipment, Adam Weitsman, president of Upstate Shredding and Ben Weitsman, said in the release.

Upstate Shredding-Ben Weitsman generated more than $500 million in revenue in 2012.