DJJ MAKES AUTO SALVAGE DEALS
The David J. Joseph Company (DJJ), based in Cincinnati, has purchased the assets and business of Recycling Center of Palm Beach County and Palm Beach Recycling, West Palm Beach, Fla. Phil and John Everett formerly owned and operated the business, a self-serve used auto parts store that opened in 1972.
DJJ will operate Recycling Center as part of its existing U-Pull-&-Pay (UPAP) subsidiary but plans to use the Recycling Center name during the transition.
The West Palm site spans 17 acres and holds 1,300 automobiles on stands for the retail public to remove parts and accessories for purchase. Bill Peterson is the West Palm UPAP Store Manager. He brings experience from U-Wrench-It and Pick ‘n Pull to the UPAP West Palm store.
U-Pull-&-Pay is also developing greenfield sites in Cincinnati and Orlando.
The Cincinnati store is a 20-acre site that will hold 1,300 cars on stands and is projected to open by the end of this year. The Orlando store is a 32-acre site that will hold 2,000 cars on stands. DJJ says it expects to open the Orlando UPAP retail store this summer.
DJJ also recently announced its purchase of the assets of scrap recycler Northwest Recycling. Included in the purchase is an auto shredder on a 23-acre parcel at the Port of Houston.
The facility will operate as Texas Port Recycling (TPR). DJJ has named Daniel L. Bonivich, currently president of its Western Metals Recycling LLC subsidiary, as president and general manager of the new TPR limited partnership. Jeff Davis will be brought over from DJJ subsidiary Trademark Metals to serve as president.
GERDAU AMERISTEEL PURCHASES FARGO IRON AND METAL CO.
Gerdau Ameristeel, headquartered in Tampa, Fla., has announced that it has acquired Fargo Iron and Metal Co., Fargo, N.D. The company did not disclose the transaction terms.
Fargo Iron and Metal has operated a scrap yard and processing facility for more than 100 years and employs 25 people. The company also operates a steel service center for local manufacturers and construction companies.
"The Fargo Iron operations and experienced team will enhance Gerdau Ameristeel’s continuing strategy to grow the company’s scrap processing capability throughout North America," Matt Yeatman, vice president of raw materials, says. "Fargo is a great fit because of its proximity to four existing North Dakota scrap yards and our Midwest steel operations," he adds.
Gerdau Ameristeel operates 17 scrap processing yards, including seven auto shredders, in the United States and Canada.
METALICO MAKES ACQUISITIONS
Metalico Inc., a metal recycler and lead products fabricator based in Cranford, N.J., has signed a letter of intent to acquire substantially all of the operating assets of Union Processing Corp. and Consolidated Transportation Inc., affiliated companies with locations in North Chili and Auburn, N.Y.
Union Processing operates a 4,000-hp Newell 98/104 shredder and serves the Rochester market. In calendar year 2005, the company processed nearly 120,000 tons of feedstock, of which Metalico provided 6,000 tons, according to a press release from Metalico.
Consolidated Transportation transports raw material to the shredder and to shredded steel customers.
The purchase price of the transaction was not disclosed, and the acquisition is subject to continuing due diligence and the satisfaction of certain conditions, but is expected to close in the second quarter of 2006.
"This acquisition is part of our strategy to grow within our existing region and to expand our recycling services into shredding automobiles and light iron," Metalico Chairman and CEO Carlos E. Aguero says.
Metalico also recently announced the purchase of a 22-acre property in DeWitt, N.Y., where it intends to open a comprehensive scrap recycling facility to serve the Syracuse and Central New York market. Metalico Syracuse Inc., a subsidiary, will operate the facility, which will provide ferrous and nonferrous scrap handling services as well as serve as a buying center for auto hulks and light iron.
Metalico operates six recycling facilities and six lead fabrication plants in six states.
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