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November 29, 2011
Scrap metal recycler USA Recycling Industries Inc. has bought a majority share of Energy Inc., a fuel oil delivery service firm.
Reading, Pa.-based USA Recycling, which works with the automotive service center market, acquired 51 percent of the common stock of Energy Inc., also of Reading. The company sells and distributes fuel oil to commercial and residential customers in Pennsylvania.
Vincent Smith, USA Recycling chairman and chief executive officer (CEO), also will serve as CEO and director of Energy Inc. Arlene Weidner will remain as president of Energy Inc., USA Recycling said in a news release.
“The finalized agreement with Energy Inc. allows the company to immediately broaden its services to include the sale and distribution of fuel oil to its existing commercial customers while we expand the company's customer base with a planned online marketing approach, offering fuel oil deliveries to customers via the convenience of the internet," Smith said.
USA Recycling, formerly known as Voyager Petroleum, Inc., moved into the scrap business in January of this year with the purchase of Scrap USA.
News Editor, Waste360
Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.
Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.
Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.
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