El Paso, Texas-based W Silver Recycling has completed its purchase of El Paso Iron & Metal, according to an online news report from the El Paso Times.
El Paso Iron & Metal is a 110-year-old company with its facility is about one half-mile away from W Silver’s in El Paso, according to the report. The company’s website says it was founded in 1906 and is “in the ferrous and nonferrous metal recycling business with all metal sold to a diverse groups of foundries either directly or through brokers, throughout the United States, Mexico and Asia.”
W Silver Recycling CEO Lane Gaddy, a fourth-generation family member, commented to the Times that while the acquisition was the first for W Silver Recycling this decade, the company is considering making acquisitions beyond El Paso.
Gaddy also told the newspaper that the El Paso Iron & Metal location will continue to be run as a separate operation and that its business model of buying scrap from the public, smaller dealers and demolition companies will be what W Silver targets in any future acquisitions.
On its website, W Silver Recycling describes itself as having been in business for more than 90 years, with operational capabilities that include wire chopping, product destruction, plastic grinding and processing, payment for plastic and cardboard, pallet processing and industrial trash hauling.
The company now has two locations in El Paso, plus yards or offices in Amarillo and Donna (near McAllen), Texas; in Albuquerque and Santa Teresa, New Mexico; and in Apodaca, Mexico.
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