Brookfield Acquires Bronx Auto Salvage Company

Recycling company Brookfield Resource Management Inc., Elmsford, N.Y., has acquired Salient Auto Salvage, a Bronx, N.Y. auto dismantling and used auto parts company.

“A facility in the Bronx provides us with direct access to an important scrap generating market, which we plan to leverage for significant company growth,” says Tom Malone, president of Brookfield (www.brookfieldco.com).
Salient Auto Salvage has operated at its present location for more than 50 years.

The deal for Salient follows another announcement by Brookfield. In late May of 2010, Brookfield and Wilkins Rebuilders Supply Inc. formed a joint venture company in Chicago called Brookfield Iron & Metal LLC.

The joint venture, which marks Brookfield’s entry into the Midwest, is focused on processing ferrous and nonferrous metals from industrial and obsolete scrap sources.

“Brookfield is focused on operating as a highly efficient, horizontally integrated recycler,” says Malone. “Aggressive expansion is part of our business plan to position the company to handle a wider variety of recyclable material in broader market segments,” Malone says.

In addition to its Elmsford, Bronx and Chicago locations, the company also operates a recycling facility in Montrose, N.Y., that it acquired earlier this year.