Scrap recycler Niagara Metals has purchased another New York scrap firm, Ben Singer and Sons, for an undisclosed amount.
The privately held Niagara Falls, N.Y.-based recycler added with the acquisition a scrap metal recycling facility in North Buffalo and a rail transloading yard in nearby Lackawanna. Niagara Metals also has a feeder yard in Royalton, N.Y., in addition to its headquarters facility, the company said in a news release.
Niagara Metals said it will upgrade and add equipment at the North Buffalo facility by installing a second truck scale, improving environmental controls, building new offices and adding new truck-level loading docks.
The company said the purchase represents a new direction for the firm, which has grown organically since it opened in 2006. It said it plans to add more facilities in the region to continue growth.
“We plan to grow in a disciplined manner. We now have experience in acquiring existing businesses and starting from scratch,” according to a Niagara Metals spokesperson.
Niagara Metals is owned by Todd Levin, and the company said the Levin and Singer families have done business together for more than 50 years. The company plans to retain all Singer and Sons employees. Lee Singer, president of Ben Singer and Sons, will be joining the Niagara Metals management team.