PSC continues acquisition pattern.
Causey Enterprises processes ferrous and nonferrous metals. Knoxville Recycling purchases ferrous and nonferrous scrap metal, operating on a 15-acre site.
Throughout the past year, PSC has made a number of moves in an effort to strengthen its position in the Southeast United States, including refurbishing the former M. Cohen barge dock in Nashville and acquiring Gadsden Iron and Metal in Gadsden, Ala.
With the Causey acquisition, PSC Metals says it now has a feeder yard in Kentucky that will allow it to improve its service in the Ohio Valley area, which includes Kentucky and Tennessee.
PSC expects to introduce transportation equipment to its new Greenfield site in Bowling Green so it can expand its industrial scrap services. The company also announced that Kelly Baker was appointed manager of the Bowling Green facility.
As a result of the Knoxville Recycling purchase, PSC Metals' Tom McKelvy says the company will further its ability to support Ameristeel and serve more customers in the Greater Knoxville area. The purchase will also drive more business to a shredder PSC Metals already operates in Knoxville, he says.
McKelvy says PSC Metals plans to add a warehouse on the Knoxville Recycling site that will be used for nonferrous materials.
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|Title Annotation:||SCRAP INDUSTRY NEWS|
|Date:||Sep 1, 2005|
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