ENGLEWOOD, Co., June 2 /PRNewswire/ -- Recycling Industries, Inc., (Nasdaq: RECY), a company engaged in the acquisition, consolidation, and operation of metals recycling companies today announced that it has completed the acquisition of Peanut City Iron & Metal Company located in Suffolk, VA.
Peanut City Iron & Metal focuses on the retail and commercial accounts servicing eastern North Carolina and the western Hampton Roads, Virginia area. Peanut City services local industrial scrap producers and has a reputation of exemplary customer service. Peanut City is a full service facility that has a wide variety of ferrous and non-ferrous processing equipment.
Tom Wiens, Chairman and CEO of Recycling Industries, said, "Peanut City Iron & Metal will enhance the operations of Recycling Industries and will continue to increase our strong regional presence in Virginia. With the closing of Peanut City, Recycling Industries owns and operates 41 facilities in twelve states. We are very pleased to have them as an addition to our fine team."
|
