Bedford Recycling Inc. has been acquired by Metal Source LLC, a company based in Wabash, Indiana. Metal Source now possesses various processing capabilities, including an auto shredder, wire chopping line, and the ability to process both ferrous and nonferrous materials.
Metal Source LLC has recently expanded its operations through strategic acquisitions. In 2021, the company acquired Decatur Salvage, a metals recycling facility located at 7870 US 27 in Decatur, Indiana, spanning 12 acres. Additionally, they purchased Secondary Metals, which operated a 2-acre yard in Peru, Indiana. In 2022, Metal Source acquired Huntington Aluminum in Huntington, Indiana.
The newly acquired Bedford Recycling Inc., with locations in Bedford and Mitchell, Indiana, offers Metal Source an auto shredder, marking the company’s first such facility. Furthermore, Bedford Recycling possesses a wire chopping line and other capabilities for processing both ferrous and nonferrous materials. These additions make the Bedford and Mitchell facilities Metal Source’s eighth and ninth locations.
In addition to the scrap yards in Wabash, Peru, Decatur, Bedford, and Mitchell, Metal Source operates two plants in Wabash and one each in Huntington and Marion, Indiana. These plants are involved in the production of 356 sow and ingot, aluminum de-ox products, and 380 sow and ingot.
In an article at recycling today, Ben Gebhart, CEO of Metal Source and Gebhart Holdings, its parent company, said:
“I’m thrilled to announce this purchase.” He added: “This will allow our company to expand our capabilities and footprint, as well as allow for integration and diversification within our current business. Geographically, this will allow for additional support in the area for other businesses we service.”
And Colin P Denihan, Metal Source chief commercial officer, said:
“The Parsons family has built a successful business and a legacy with Bedford Recycling. We look forward to instilling our Metal Source core values and growing the operations.”
Source: www.recyclingtoday.com
