USM bought the scrap copper processor to add copper recycling capability to the ferrous, non-ferrous, electronic and composite scrap recycling it handles along with its other companies: USM Processing, USM Recycling and USMe Electronic Assets Recycling, the company said in a news release. Both Universal Scrap and Premier Metals are based in Chicago.
Premier President Todd Fingerman will head the expanded USM copper operation as director of copper processing. The Premier chopping operation, which includes upgraded equipment, will be located in a newly built-out processing space at the USM headquarters.
USM said the acquisition will make shopping easier for customers. “We are excited about the benefits we will gain from the synergy between our two companies’ operations,” said Jason Zeid, vice president of USM and president of each of the other USM companies.