|
JUNE
2009
ISRI presents Lifetime Achievement
Awards
The Institute of Scrap Recycling
Industries, Inc. (ISRI) presented
its 2009 Lifetime Achievement
Award to the late Leonard Rifkin
of OmniSource Corp. and Ben
Sacco of Sierra International
Machinery LLC during the association’s
annual convention.
Leonard Rifkin became acquainted
with the scrap business through
his father, a Russian immigrant
who started collecting and selling
rags, paper and scrap metal.
In 1943 he bought his first
scrap yard. Leonard Rifkin got
his first taste of the business
there — and didn’t like it,
but after earning a bachelor’s
degree in business and a two
year stint in the Army, he tried
again and never turned back.
He became president of Superior
Iron & Metal Company in
1963 and fashioned his first
joint venture. Over the years,
he made more than 25 acquisitions.
He welcomed his sons Daniel,
Martin and Richard into the
business and at the suggestion
of his eldest son, he renamed
the company OmniSource.
Today, the company handles 6.5
million tons of ferrous scrap
and 700 million pounds of non-ferrous
scrap annually.
Leonard Rifkin passed away in
2008. The award was accepted
on his behalf by his sons.
Ben Sacco was born in a small
mountain town outside Salerno,
Italy, in 1922 and immigrated
to the United States in 1935.
He and a partner established
the Sierra Bag Company in 1947
and as the business expanded
to buying copper, radiators,
and batteries from farmers,
Sierra Iron and Metal Company
was formed in 1959.
A quarter century later on a
visit to Italy, Sacco visited
a scrap yard near Venice and
discovered a unique machine
– a mobile baler that could
process twice as much in a day
as its United States counterparts.
He promptly bought one, and
when another scrap dealer saw
it, he wanted one, too.
So at an age when many are considering
retirement, Sacco embarked on
a new career as an equipment
vendor. He introduced the combination
shear/baler domestically, and
soon Sierra International Machinery
expanded into shear/baler/loggers,
cranes, grapples, and more.
With six-plus decades in the
scrap business, Ben Sacco still
puts in six-day work weeks at
Sierra.
|