BGL Announces the Sale of Toledo Shredding, LLC to OmniSource, LLC

5 April 2024

Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Toledo Shredding, LLC, a subsidiary of ProTrade Group,  which is a fully integrated scrap metal company specializing in ferrous and nonferrous metals. Toledo Shredding's assets were sold to OmniSource, LLC. BGL's Metals & Advanced Metals Manufacturing investment banking team served as the exclusive financial advisor to Toledo Shredding in the transaction.

The transaction highlights BGL's experience advising businesses that operate in the ferrous and nonferrous scrap metal processing industry.

Headquartered in Toledo, Ohio, and founded in 2003, Toledo Shredding is a 30-acre scrap metal processing facility. The Company's key ferrous processing activities include shredding, torching, and shearing. While Toledo Shredding does purchase, warehouse, and sell some nonferrous metal grades, its main operation is a state-of-the-art Wendt-designed recovery system located in a 30,000-square-foot production facility.

Founded in 1943, OmniSource is a subsidiary of Steel Dynamics, Inc., is a leading processor and distributor of scrap and secondary metals, with operations concentrated in the Midwest, the South, and the Mid-Atlantic regions of the United States. OmniSource ships more than five million gross tons of recycled steel and one billion pounds of nonferrous and stainless-steel scrap annually.

BGL's Metals & Advanced Metals Manufacturing team has deep sector knowledge and extensive Metals M&A transaction experience within major subsectors of the broader metals industry. Coverage includes metal service centers, mills and foundries, advanced metals manufacturing, and metals recycling.