Venture Metals Acquired Nonferrous Processors in Arizona and Pennsylvania

SEATTLE (Scrap Monster):  Dallas-based Venture Metals + announced that its affiliate has acquired Thalheimer Bros. LLC, Philadelphia, and Mega Metals LLC, Phoenix. Both the acquired companies are processors of nonferrous metals. The transaction's financial specifics were not made public.

The CEO of Thalheimer, Rich Reiner, will continue to head Thalheimer and Mega Metals. According to a press statement from the corporation, they will operate as sister companies to Venture Metals. The agreement also provides additional capacity, substantial regional growth, and improved recycling capabilities. It further stated that Venture Metals and Thalheimer will work together to form one of the biggest independent copper scrap metal processors in the United States.

RELATED NEWS:

Scrap Metal Recycling Market to Hit $856.2 Billion by 2032

Charter Steel Group to Purchase Ohio Scrap Metal Recycler

Commenting on the acquisition, Venture Metals CEO John T. Shaddox remarked that the business is thrilled to welcome the Thalheimer team to the organization. The combination of the winning cultures will deliver greater value and immediate financial and operating benefits, he added.

Thalheimer, a non-ferrous scrap metal processor of copper, brass, stainless steel, and other metals, was established in 1939 and is headquartered in Philadelphia. Mega Metals, a Phoenix-based company founded in 1985, was purchased by Thalheimer in 2018. The business leads the world in recycling titanium solids and turnings.