Alter Trading Announces Acquisition of Arkansas-based Scrap Metal Recycler

SEATTLE (Scrap Monster): St. Louis, Missouri-based Alter Trading Corporation announced that it has entered into a definitive agreement to purchase all of the assets of Little Rock, Arkansas-based Tenenbaum Recycling Group (TRG). The acquisition brings together two U.S. scrap metal recycling businesses, each having more than 120 years of operating experience. The terms of the deal remain undisclosed, sources said. The transaction is expected to close on or about August 24.

The acquisition will bring TRG’s 10 locations-9 in Arkansas and one in Reeds Spring, Missouri into Alter’s business portfolio, thereby bringing its total number of facilities to more than 70. The acquired Arkansas facilities include two shredder operations located in North Little Rock and Rogers, which in turn will help Alter to expand its footprints farther south. It must be noted that Alter already has shredder and yard operation in Mobile, Alabama and processing yard in Hattiesburg, Mississippi.

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Robert Goldstein, Chairman of Alter Trading stated that the acquisition is the next important milestone in the company’s growth strategy. He added that Alter is extremely pleased to add a premier, family-owned scrap metal recycler to its fold. The seamless integration of the two companies will help join the business communities in Arkansas and southern Missouri. Jay Robinovitz, Alter's President and CEO welcomed Tenenbaum’s current leadership team, led by CEO Jack Grundfest. Alter looks forward to the opportunity to work closer with the team, he added.

Over the past five years, Alter Trading has made several key acquisitions. In 2013, it had acquired Iowa-based All Metals Recycling and Nebraska-based Columbus Metals, Inc. Also, it had acquired Wausau Scrap and Recycling Corp. (WSRC), Wisconsin in 2015 and Behr Iron & Metal, Illinois in 2016.