METAL SHRED INDUSTRIES, LLC HAS BEEN ACQUIRED BY METALX, LLC
Birmingham, Michigan – September 9, 2015 – Angle Advisors is pleased to announce that MetalX, LLC (“MetalX”) has acquired the assets of Metal Shred Industries, LLC (“MSI” or the “Company”). Angle Advisors acted as the exclusive investment banking advisor to MSI in completing this transaction.
Based in Kendallville, Indiana, MSI is a scrap aluminum toll processor. MSI was founded in 2006 as an affiliate of Detroit-based Metropolitan Alloys. The Company operates a state-of-the-art facility for the shredding of all different grades of aluminum products. The operation is specifically engineered to effectively upgrade the aluminum products through shredding, removal of iron, and separation of aluminum from other non-ferrous metals. MSI employs a dual shredding system, one of which is a side feed mini-auto shredder and the second is a top feed shredder. With smaller material, this system allows for less contamination and higher recovery rates. MSI is known as the industry leader in the separation of non-metallic contamination utilizing multiple eddy systems to achieve a 99.5% clean product. The Company operates on a six acre site in Kendallville with 40,000 sq. ft. under roof and 50,000 sq. ft. of concrete for outdoor storage.
Founded in 2012 and based in Waterloo, Indiana, MetalX is a scrap metal recycling company that deals in all types of ferrous and non-ferrous scrap. MetalX purchases scrap from multiple sources and process the material into a form suitable for remelting purposes which then becomes raw material for metal products. MetalX owns multiple scrap processing operations throughout the U.S. For additional information, please visit www.metalx.net.
Angle Advisors, with offices in the United States, Germany, the United Kingdom, and China, specializes in mergers and acquisitions with a particular emphasis on the vehicular and industrial sectors. The firm's 36 professionals have completed 148 M&A transactions since the beginning of 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.