The Kalamazoo, Mich.-based Schupan said in a news release that with the recent shrinking of the recreational vehicle industry, the deal makes sense for both companies. Shapiro will concentrate on growth in other areas of the country and Schupan can fully utilize its industrial scrap processing capacity in Elkhart, Ind., which is near South Bend. The company operates 10 facilities in the Midwest.
The St. Louis-based Shapiro is a metal recycling business with nine recycling centers nationwide.
Marc Schupan, owner of Schupan & Sons, said he has known Shapiro Metals president and CEO Bruce Shapiro for almost 40 years. “Both companies’ business philosophy in servicing their customers was very similar,” Schupan said.
Schupan & Sons has three divisions, in industrial recycling, aluminum sales and plastic sales. The company is one of the largest independent recyclers of deposit beverage containers in the United States.
As far as future moves, Schupan said, “We will continue to look for acquisitions and strategic partnerships as the opportunities arise.”