American Cast Iron Pipe Company Upgrades Recycling Center
American Cast Iron Pipe Company (ACIPCO), Birmingham, Ala., has completed a $4.5 million upgrade of its ACIPCO Recycling division, which the company says is the largest recycling facility of its kind in Alabama. The company says the upgrade provides ACIPCO with a larger source of recycled metal to make ductile iron pipe.
ACIPCO Recycling, which opened in 1991, shreds and recycles old automobiles, white goods, aluminum cans and other metal products. The recycled metal is used to make ACIPCO’s 20-foot-long ductile iron pipe, which is sold to water districts across the United States.
ACIPCO Recycling has added a new 6,000-hp drive motor to replace an older 4,000-hp motor on its shredder, which should allow for a 15 percent increase in the company’s processing capacity. ACIPCO has also added sound-reducing enclosures around its equipment.
"The upgrades will allow us to continue to be the largest and most convenient recycling facility in Alabama," Van Richey, president and CEO of ACIPCO, says. "We are committed to taking old cars and appliances that could end up in one of Alabama’s 42 landfills or dumped illegally in neighborhoods and turning that metal into something of value—pipe that provides clean water in the United States and around the world."
Other improvements at ACIPCO Recycling include a new access road off of Daniel Payne Drive that will reduce truck traffic in the area. The road connects to two new weigh stations.
Founded in 1905, ACIPCO manufactures a diversified product line for the waterworks, capital goods and energy industries. Products include ductile iron pipe and fittings, ductile iron castings, fire hydrants, valves, fire truck pumps, centrifugally cast steel tubes, static steel castings, fabricated assemblies, Electric Resistance Welded (ERW) steel pipe and spiral-welded steel pipe.
ACIPCO employs approximately 3,000 people nationwide, including 2,400 people in Birmingham. ACIPCO facilities are also located in Alabaster, Ala.; Columbia, S.C.; Beaumont, Texas; St. Paul, Minn.; Phoenix, Ariz.; and Pryor, Okla.
PSC UPGRADES EQUIPMENT
PSC Metals, headquartered in Cleveland, has announced that it has recently enhanced productivity and efficiency at its Canton, Ohio shredder yard.
PSC has added a Wendt 106 Heavy Shredder to its Canton yard to replace an older model, as well as downstream sorting equipment.
The company also has added new Sennebogen cranes and a Genesis XP700 R shear.
SOUTHERN HOLDINGS, METAL MANAGEMENT SELL SOUTHERN RECYCLING
Metal Management Inc. of Chicago and Southern Holdings LLC of New Orleans have announced the sale of Southern Recycling LLC to European Metal Recycling Ltd. (EMR) for $161.4 million in cash.
Southern Recycling, headquartered in Covington, La., is the largest scrap metal recycler in the Gulf Coast region with 15 facilities in Louisiana, Alabama, Mississippi and Florida. Prior to completion of the transaction, Southern Holdings LLC owned 71.5 percent of Southern Recycling, and Metal Management owned the remaining 28.5 percent.
"EMR’s valuation presented an outstanding opportunity to realize a significant and immediate cash return on Metal Management’s investment in Southern Recycling," Daniel Dienst, chairman, president and CEO of Metal Management, says. "We have enjoyed a profitable relationship with the Southern team and thank their managers and employees for all of their contributions through the years."
Edward Diefenthal, co-owner and CEO of Southern Holdings, says, "Since 1900, our family has been in the metals recycling business, and today Southern Recycling is among the largest recyclers of scrap metal in the U.S."
He adds, "Though bittersweet for my family, EMR’s earnest interest convinced us to sell our stake in Southern Recycling."
OMNISOURCE ACQUIRES INDIANA COMPANY
OmniSource Corp., Fort Wayne, Ind., has acquired K&F Industries, located in Indianapolis.
The new facility will become headquarters for OmniSource’s newly formed southern Indiana division. The new regional division will expand to include current and future OmniSource businesses in central and southern Indiana.
Two K&F principals, Greg Kroot and Barry Kroot, have agreed to join OmniSource as part of the transaction, with Greg assuming the regional executive position as division manager.
CMC ACQUIRES YONACK IRON & METAL CO.
Commercial Metals Co. of Irving, Texas, has entered into an agreement to purchase most of the assets of Yonack Iron & Metal Co. and Metallic Industries LLC. The deal is expected to close this summer.
Yonack operates scrap yards in Dallas and Forney, Texas.; Stroud, Okla.; and Lonoke, Ark. The Yonack operations will become a part of the CMC Recycling (CMCR) segment.
Alan Postel, CMCR president, says, "This addition brings to CMCR not only significant scrap processing equipment, including 1,200 roll-off boxes and containers with a modern truck fleet in tip-top condition to service industrial accounts, but also, and more importantly, an outstanding team of well-respected and energetic scrap metal professionals. We are excited to have the opportunity to work together to expand the business and build on Yonack’s history of outstanding customer service."
Bob Yonack, president of Yonack Iron, says, "CMC is admired throughout the metals industry, and I am pleased that our employees will become part of [the] organization. Our existing customers can be assured of a continuing high level of service [which] combined with CMC’s financial strength and over 90 years of industry experience, will result in a seamless transition."
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