Upstate Shredding – Weitsman Recycling announced today that they have acquired the assets of Murtagh Scrap Handling, located at 7772 Tannery Rd. in Rome, N.Y. The yard is in a prime location, nestled in between Syracuse and Utica in the heart of Oneida County. The deal is expected to be finalized in January and will open as Ben Weitsman of Rome at that time. Weitsman has big plans for the new location, calling it his most strategic location acquired to date.
“This is a very strategic move for the company as we continue to expand throughout the Northeast. The location is perfectly situated in the State where we don’t yet have as large a presence. We will be investing a lot of money into this location to bring the scrap yard to the high standards that our other yards have become known for. We will turn this scrap yard into the market leader in the region within three months,” commented Adam Weitsman, CEO of Upstate Shredding – Weitsman Recycling.
Weitsman has unveiled a three million dollar plan, which will begin immediately, to renovate the yard including brand new buildings, brand new equipment, paving the entire facility, new fencing and landscaping. Ben Weitsman of Rome will be open seven days a week and will expand its hours as a convenience to its customers.
Existing employees will be retained and an additional ten jobs will be created once the retail feeder yard formally opens under new ownership. The acquisition comes as Upstate Shredding – Weitsman Recycling gets ready to open its second shredder in New Castle, Pa. in early 2015.
Murtagh Scrap Handling is a privately held company that was established in 1986 by the Murtagh family. After 28 years of family ownership, Murtagh feels Weitsman is the best fit for acquisition given Weitsman’s dominance in the industry and reputation as a good neighbor in the locations in which they operate.
Upstate Shredding – Weitsman Recycling is the East Coast’s largest privately held scrap metal processor, operating 15 locations throughout New York and Pennsylvania. The company will process more than 1 million tons of ferrous and 250 million pounds of nonferrous metal in 2014.
Weitsman was recently honored as the top scrap recycling company in the world by Platts, a division of McGraw-Hill and the premier resource for metals and mining worldwide.
For more information on the company, visit www.upstateshredding.com.
