United States | Leading scrap metal processor Alter Trading purchased Wisconsin-based Reliable Recycling Company. The new acquisition of Reliable Recycling Company will increase Alter’s Midwest footprint, further strengthening one of the largest scrap metal recycling companies in the United States.
Founded in 1898, Alter Trading, a privately owned, fourth-generation company, is ISO 9001 and 14001 certified. With this acquisition, Alter will operate 38 metal recycling facilities and five trading offices in eight states, as well as a representative sales office in Hong Kong, China.
Reliable was founded in 1995 and has grown steadily over the past 15 years, offering both ferrous and non-ferrous metal recycling services at four locations throughout Wisconsin and Michigan and employs 30 people. ‘This acquisition will only serve to enhance Alter’s unwavering commitment to our consumers, our employees, the environment, and to the communities in which our facilities are located,’ says Robert S. Goldstein, Chairman, CEO and President of Alter Trading Corporation.
Reliable’s Owner and President, Mark Wilson, states: ‘After many years of working closely with the folks at Alter, I am excited for myself and my team to join the Alter family.’ Mr Wilson will remain with Alter following the transaction in the position of Marketing Manager, based in Green Bay, Wisconsin.
‘I am pleased to welcome Mark and the entire Reliable team to Alter Trading,’ says Jay L. Robinovitz, Senior Vice President and Chief Officer of Operations. ‘The exceptional quality of the Reliable facilities and the company’s employees make it a strong cultural fit with our existing organisation.’
Acknowledgement
www.recyclinginternational.com
