On September 9, Fort Wayne, Indiana-based MetalX completed the transaction to acquire the assets and business of secondary aluminum melter SRT Aluminum in Wabash, Indiana, now operating as MetalX Aluminum Conversion LLC (MAC).

David Currence has been named plant manager of MAC and will be responsible for leading the company’s efforts to refine operating performance and increase capacity. Joe Rosengarten, former SRT chief operating officer, joins the MetalX commercial team as a vice president. More than 120 SRT employees have been retained by MAC.  

The newly acquired facility converts scrap aluminum into specification RSI. Located on a 40-acre site that also includes an aluminum shredder and turnings processing facility, the melt operations utilize three electric induction and two reverb furnaces to produce RSI in sow and ingot form. In the near term, MetalX intends to increase monthly throughput from 11 to 15 million lbs., with longer-term plans to invest additional capital for capacity expansion.    

MetalX is an independent scrap metals recycling business founded in 2012 by Danny and Neal Rifkin. Following this transaction, the company will handle more than 350 million lbs. of non-ferrous scrap annually.