<B>Vista Fibers Adds to Texas Aluminum Operations</B>

Vista Fibers, a large recycling operation headquartered in Dallas, is acquiring the non-ferrous and aluminum recycling operations from Wise Recycling in the Dallas area. The company expects to have the asset sale finalized by the first of March.

The acquisition does not include Wise’s physical plant, but does include both contracts for the aluminum collected as well as the equipment that was used by Wise Recycling.

According to Tom Lyons, president of Vista Fibers, the volume Vista will be obtaining through the acquisition will be around 600,000 pounds a month, bringing the total collected by Vista to around 1 million pounds in the Dallas area.

Last year Wise Metals announced that it was selling off many of its recycling facilities outside its South and Southeast regions.

Vista Fibers has a number of recycling operations throughout Texas, including facilities in Houston, San Antonio and Dallas.

January 2001
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