Upstate Shredding – Ben Weitsman announced the asset acquisition of Jack’s Recycling in Mt. Morris, Pennsylvania today. This deal comes on the heels of acquisitions of the assets of additional yards in Albany as well as Hornell, marking the 3rd acquisition this month for the company. The all cash transaction will close in approximately 30 days.
“This is a great strategic move for expanding our reach throughout the Northeast, especially with our two new shredders being built in Albany, New York and New Castle, Pennsylvania. We do not yet have a location in this region of the Northeast so this acquisition is filling a great need to serve Mt. Morris and the surrounding regions,” said Adam Weitsman, owner of Upstate Shredding and Ben Weitsman.
Founded in 1962, Jack’s Recycling has taken its 105 years of combined industry experience and emerged as a leader in the area for auto and scrap (ferrous and nonferrous) recycling. The yard is located at 226 Mt. Morris Road in Mt. Morris, Pennsylvania, just North of the West Virginia state border and 65 miles south of Pittsburgh, Pennsylvania. Currently at 11 employees, the new Ben Weitsman of Mt. Morris will grow as the company continues to expand its footprint and execute its formula for success in the region. The brisk expansion of the company is propelled forward by 7 day a week service and top pricing in the industry, which allows the privately-owned scrap company to directly compete with multi-national public companies.
“We have worked hard to become the scrap leader within a 60 mile radius around Mt. Morris. It was very important to us to find a suitable company that can continue to grow this facility and serve our area even better. We have looked at a number of acquisition partners and Upstate Shredding is the only one who truly understands and has the work ethic to ensure the continued success of this yard and take it to the next level. We are excited to have the leadership and expertise that Adam Weitsman and Upstate Shredding bring to the table and are looking forward to the transition to Ben Weitsman of Mt. Morris,” commented Rick Smith, former owner of Jack’s Recycling.
Working towards its goal of 50 yards, Mt. Morris marks the 17th location for Upstate Shredding – Ben Weitsman. Over the last few years, Upstate Shredding-Ben Weitsman has grown aggressively and profitably, more than doubling its geographic market reach over the past couple of years. Recent acquisitions include the assets of Hornell Waste Material in Hornell, NY and Valley Recycling in Allegany, NY. The company has recently been recognized as one of the top scrap recycling companies in the world by Platts, AMM, Recycling Today, and Waste & Recycling News.
Copyright 2015 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.