Metalico acquires C&D operation.

Metalico Transfer Inc., a wholly owned subsidiary of Metalico Inc., has purchased the assets of Compass Environmental Haulers Inc., a construction and demolition debris transfer station in Rochester, N.Y.

Metalico Transfer holds a permit authorizing it to receive up to 500 tons per day of C&D material for recycling and disposal. The facility is situated on approximately five acres, which is suitable to accommodate Metalico's plan to operate at permitted capacity.

The company also has announced that it received a conditional use permit from the Town of Chili, N.Y., to construct and operate a metal shredder on the operating premises of its Metalico Rochester Inc. subsidiary.

The company expects to produce as much as 20,000 tons per month of shredded steel and associated nonferrous metals.

"While the Compass acquisition is relatively small, it has opened our horizons to a business and industry that we know well and have experience in and has logistics synergies with our scrap metal operations," Metalico President Carlos Aguero says. "When completed, the shredder will allow us to tie together our entire scrap metal buying network in the Rochester, Buffalo and Syracuse geographic region representing a combined population of more than 3 million people."

The company expects its shredder project to take up to one year to complete before operations commence, assuming no delays in the acquisition, installation or final permitting processes.

Metalico Inc., based in Cranford, N.J., is a holding company with operations in ferrous and nonferrous scrap metal recycling and in fabrication of lead-based products. The company operates seven recycling facilities and five lead fabrication plants in five states.