Metal Management was a metal recycling company, founded in 1983 and re-incorporated in
Delaware
Delaware ( ) is a state in the Mid-Atlantic region of the United States, bordering Maryland to its south and west; Pennsylvania to its north; and New Jersey and the Atlantic Ocean to its east. The state takes its name from the adjacen ...
, USA, in June 1986. Originally known as General Parametrics, Metal Management entered the scrap metal recycling industry on April 11, 1996, through its merger with EMCO Recycling Corp.
Overview
Headquartered in
Chicago, Illinois
(''City in a Garden''); I Will
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, Metal Management was involved in dismantling, purifying, processing and recycling
ferrous
In chemistry, the adjective Ferrous indicates a compound that contains iron(II), meaning iron in its +2 oxidation state, possibly as the divalent cation Fe2+. It is opposed to "ferric" or iron(III), meaning iron in its +3 oxidation state, suc ...
and non-ferrous metals. The company owned or operated recycling facilities in sixteen U.S. states. It resold the scrap metal it processed to both domestic and foreign customers.
From 1996 to 1998, the company underwent a significant expansion, employing the strategy of acquiring and integrating regional metal recyclers throughout the United States. Metal Management emerged as the most diverse, well-run business of its kind in North America.
In 2007, Metal Management announced that it would have been acquired by the Australia-based
Sims Group for US$1.8 billion.
"Sims to be biggest metal recycling company"
''The Australian''
See also
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Wrecking yard
A wrecking yard ( Australian, New Zealand, and Canadian English), scrapyard ( Irish, British and New Zealand English) or junkyard (American English) is the location of a business in dismantling where wrecked or decommissioned vehicles are b ...
*
Scrap
Scrap consists of recyclable materials, usually metals, left over from product manufacturing and consumption, such as parts of vehicles, building supplies, and surplus materials. Unlike waste, scrap has monetary value, especially recovered m ...
*
Scrap metal
Scrap consists of recyclable materials, usually metals, left over from product manufacturing and consumption, such as parts of vehicles, building supplies, and surplus materials. Unlike waste, scrap has monetary value, especially recovered m ...
References
External links
Forecasts of Nonferrous scrap metal industry
{{Illinois Corporations
Manufacturing companies based in Chicago