Fort Wayne Indiana US headquartered MetalX has completed the transaction to acquire the assets and business of secondary aluminum melter SRT Aluminum in Wabash in Indiana, which converts aluminum scrap into specification remelt scrap ingot in sow and ingot form. With the closing of the purchase, the newly acquired company is operating as MetalX Aluminum Conversion. MetalX Aluminum Conversion is on a 40-acre site that also includes an aluminum shredder and turnings processing facility, melt operations that use three electric induction and two reverb furnaces to produce RSI in sow and ingot form. In the near term, MetalX says it intends to increase monthly throughput from 11 million to 15 million pounds, with longer-term term plans to invest additional capital into capacity expansion. The company also has announced that aluminum and manufacturing industry veteran Mr David Currence has been named plant manager at MAC and will be responsible for leading the company’s efforts to refine operating performance and increase capacity. Mr Joe Rosengarten, former SRT chief operating officer, will join the MetalX commercial team as a vice president. In late 2021, Australia-based steelmaker BlueScope announced that it had entered into a binding agreement to buy the ferrous scrap recycling business of MetalX, describing the company as the leading supplier of scrap feed to its Delta Ohio electric arc furnace steel minimill, North Star BlueScope Steel. Following that announcement, Rifkin said MetalX would grow its nonferrous business. BlueScope purchased the Delta and Waterloo facilities, and MetalX’s nonferrous business from Waterloo transitioned to Auburn, Indiana.MetalX was founded in 2012 by Danny and Neal Rifkin, third- and fourth-generation members of the Rifkin family, which has a long history in the scrap industry.
Fort Wayne Indiana US headquartered MetalX has completed the transaction to acquire the assets and business of secondary aluminum melter SRT Aluminum in Wabash in Indiana, which converts aluminum scrap into specification remelt scrap ingot in sow and ingot form. With the closing of the purchase, the newly acquired company is operating as MetalX Aluminum Conversion. MetalX Aluminum Conversion is on a 40-acre site that also includes an aluminum shredder and turnings processing facility, melt operations that use three electric induction and two reverb furnaces to produce RSI in sow and ingot form. In the near term, MetalX says it intends to increase monthly throughput from 11 million to 15 million pounds, with longer-term term plans to invest additional capital into capacity expansion. The company also has announced that aluminum and manufacturing industry veteran Mr David Currence has been named plant manager at MAC and will be responsible for leading the company’s efforts to refine operating performance and increase capacity. Mr Joe Rosengarten, former SRT chief operating officer, will join the MetalX commercial team as a vice president. In late 2021, Australia-based steelmaker BlueScope announced that it had entered into a binding agreement to buy the ferrous scrap recycling business of MetalX, describing the company as the leading supplier of scrap feed to its Delta Ohio electric arc furnace steel minimill, North Star BlueScope Steel. Following that announcement, Rifkin said MetalX would grow its nonferrous business. BlueScope purchased the Delta and Waterloo facilities, and MetalX’s nonferrous business from Waterloo transitioned to Auburn, Indiana.MetalX was founded in 2012 by Danny and Neal Rifkin, third- and fourth-generation members of the Rifkin family, which has a long history in the scrap industry.
