Photo by Jack Goras
Danny Zack, CEO of GLE Scrap Metal Inc., Casselberry, Florida, says the company closed its purchase of the Tampa, Florida, nonferrous facility and assets of Jersey City, New Jersey-based Fortune Plastic and Metal Inc. Jan. 31. The purchase does not include any other Fortune Plastics and Metal facilities or locations.
The company says the Tampa facility allows it to expand into the largest metro area in terms of population in Florida without an existing GLE facility. GLE will retain the facility’s current staff of approximately 15 employees, GLE Vice President of Nonferrous Daniel Poris says, and operations will continue under the GLE Scrap Metal name.
“We will continue operating the yard as a commercial and industrial nonferrous processing plant and grow its volume with our existing customer base,” Poris says. “We have a lot of relationships in the Tampa market already and are looking forward to being a strong presence.”
He adds that the site “fit into portfolio very well and filled in gaps in our Florida footprint.”
The acquired facility is roughly 6 acres in size with 60,000 square feet under roof, Poris says. He describes the site as well-equipped and well-laid-out.
Zack says the culture, values and attitude of Fortune Plastic and Metal align closely with GLE’s.
Latest from Recycling Today
- Companies partner to standardize build of chemical recycling plants
- Solarcycle to add recycling plant to Georgia campus
- PPRC 2024: Addressing the packaging recovery problem
- Cliffs completes Stelco acquisition
- BIR Autumn 2024: Documenting recycling’s advantages
- IP provides DS Smith merger update, announces mill closure
- Polypropylene Recycling Coalition releases first annual report
- LA County suing PepsiCo, Coca-Cola over plastic beverage pollution
