OmniSource acquires Mervis yards.OmniSource Corp., Fort Wayne Fort Wayne, city (1990 pop. 173,072), seat of Allen co., NE Ind., where the St. Joseph and St. Marys rivers join to form the Maumee River; inc. 1840. It is the second largest city in the state, a major railroad and shipping point, a wholesale and distribution hub, , Ind IND Investigational new drug Therapeutics A status assigned by the FDA to a drug before allowing its use in humans, exempting it from premarketing approval requirements so that experimental clinical trials may be conducted. See Phase 1.2, 3 studies, Sponsorship. ., has announced the acquisition of Mervis Industries' facilities in Kokomo and Tipton, Ind., as well as that company's minority interest in two joint ventures-Capitol City Metals in Indianapolis and Recovery Technologies in Fort Wayne. The acquisitions will add nearly 100 employees to OmniSource's staff of more than 2,000, the company says. "These acquisitions will enhance our ability to serve our existing customer base in central Indiana and offer our services to an expanding universe expanding universe: see universe. expanding universe Current understanding of the state of the universe. It is based on the finding that all galaxies are moving away from each other. of new customers throughout the central and southern parts of the state," says Danny Rifkin, OmniSource's president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "Moreover, completion of the transaction will allow us to consolidate the Indianapolis operations as a wholly owned business unit as we begin 2007," Rifkin adds. OmniSource Corp. is one of North America's largest scrap metal companies, with annual sales of $2.5 billion and 42 facilities in the Eastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. |
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