Sadoff Iron & Metal Co. of Fond du Lac has reached an agreement in principle to acquire Aluminum Resources Inc.
Aluminum Resources, a processor and supplier of foundry and mill grade recycled aluminum products, was founded in 1988.
“This acquisition adds a niche market for us that complements our current aluminum and nonferrous business activity,” Sadoff CEO Mark Lasky said in a news release.
Sadoff planned to take official ownership of the business by March 31. The new company will take on the name of the parent company and also be known as Sadoff Iron & Metal Company.
Founded in 1947, Sadoff Iron & Metal Company is a third-generation, privately held ferrous, nonferrous, alloys and e-scrap recycling company with headquarters in Fond du Lac. Including this acquisition, Sadoff has seven recycling facilities in Wisconsin, along with scrap metal operations in Lincoln and Omaha, Neb.
The company provides scrap metal recycling services and solutions to industry, demolition contractors, and the public, along with ferrous and nonferrous melt products to foundries, steel mills and smelters. Sadoff conducts business in 37 states and exports to China, Mexico, South Korea, India and Canada.
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