Metal Exchange Corp. purchases distributor of aluminum rolled products

St. Louis-based Metal Exchange Corp., a company involved in nonferrous metals trading, manufacturing, scrap processing, distribution and transportation, has acquired New Jersey-based Medalco Metals Inc., a U.S.-based distributor of light-gauge aluminum rolled products.

Since it was established in 2003, Medalco has positioned itself as a strategic partner serving a diverse customer base in the growing automotive, building and flex and HVAC markets. Metal Exchange says in news release about the purchase. Medalco will operate as a division of Metal Exchange.

Medalco co-owners Dwight Klepacki and Larry Dansky began considering potential buyers for their organization in early 2022 and found strong cultural alignment with Metal Exchange—a factor both parties considered key to the success of the acquisition. Klepacki and Dansky cite the shared core values; the “dual bottom line” approach that balances financial success with the safety, well-being and fulfillment of its employees; and Metal Exchange’s long-standing reputation in the industry as key drivers of the deal.

“The company culture and business philosophies at Metal Exchange were a clear fit for us, right from the start,” Klepacki says.

Metal Exchange says customers and suppliers will enjoy expanded access to inventory as a part of the Metal Exchange family, noting that the Medalco name, values and emphasis on strong customer relationships will remain unchanged. “We look forward to not only maintaining but enhancing relationships with our customers and suppliers,” Dansky says.

“Medalco’s specialty products and unwavering commitment to customer service align with Metal Exchange’s business model and growth strategy,” says Vijay Natarajan, executive vice president of Metal Exchange’s Trading Division. “This bolt-on acquisition expands Metal Exchange’s footprint while providing further value for our customers, suppliers and business partners.”

Rick Merluzzi, Metal Exchange CEO, adds, “Given our strong people-oriented culture, the scale and scope of our business and long-term commitment to our industry, we are a great landing spot for companies like Medalco to transition their company. We are very excited to add Medalco to the Metal Exchange family.”

Metal Exchange operates eight manufacturing facilities in North America and a joint venture in Italy. The company has marketing and sales offices in St. Louis as well as international officers in Zurich, Shanghai and Singapore. Its operating companies include Metal Exchange Trading, Pennex Extruded Products and Electro Cycle Inc.