New metal recycling facility opens in Waterloo, Indiana
MetalX, a new metals recycling company founded by the Rifkin family, opened its first facility in Waterloo, Indiana in November. The company’s flagship facility and corporate headquarters are open for wholesale/industrial business and opened to the general public on December 1. Located on a 70 acre site, the facility will process ferrous and nonferrous scrap metals for recycling into new metal products. The state-of-the-art facility will utilize the latest technologies and has been designed for maximum efficiency, offering customers a new level of convenience and service.
The business will ramp up quickly. Approximately 75 people will be employed by next spring and over 200 in 3 years. At the same time, the company also plans to accelerate growth by making strategic acquisitions.
MetalX will be run by a team of experienced industry veterans that include Danny Rifkin, his brothers Rick and Marty, John Marynowski, Jim Ustian, Paul Everett, Jeff Rynearson, David Stage, Steve King, Brian Brown, Shari Zink and Danny’s oldest son, Neal.