Weitsman acquires Reamer Recycling in Ithaca

Weitsman acquires Reamer Recycling in Ithaca

August 15, 2013 Updated Aug 15, 2013 at 6:29 PM EDT

(WBNG Binghamton) Upstate Shredding this week announced the acquisition of the assets of Reamer Recycling, previously known as Wallace Industries, a scrap leader in Ithaca, NY.

“Reamer Recycling is the Finger Lakes largest scrap yard and we are thrilled to have them as a part of our network.” Adam Weitsman, president of Upstate Shredding and Ben Weitsman, said in a news release. “We will be fully paving the facility, redoing the buildings, and bringing in brand new equipment.  We will also be landscaping the property and installing brand new fencing as we make this location much more aesthetically appealing for the neighbors and the community.  All work done will bring this facility up to the highest level of environmental compliance possible.  We want to bring this location back to its prominence as a scrap recycling leader, a recognition it once so proudly held in the area.” 

According to the news release issued this week announcing the move:

Bill Reamer, former owner of the company, will stay on to assist the incoming management team during the short transition period. He has owned Reamer Recycling Inc. located at 105 Cherry Street for 12 years; recycling operations have been in existence at the Cherry Street location in Ithaca for more than 75 years.  The company experienced great success while under the control of Wallace Industries, who owned the business until 2002 when it was sold.  “We are excited to be joining such a prestigious leader in the scrap industry and look forward to all the positive changes and impact joining the Weitsman network will have for this location, its customers, and the community,” Reamer said.

The new Ithaca facility will be the second for the Company in Ithaca, there is currently a new steel distribution center located at 132 Cherry Street. 

“We have long been a part of the Ithaca community through our new steel center, however a scrap metal recycling facility for us here fits perfectly within our expansion plan as we continue to aggressively grow throughout the Northeast.”

In addition to the Ithaca facilities, Ben Weitsman yards are located in Albany, Jamestown, Allegany, Rochester, Syracuse, Owego (2 locations), Binghamton, NY and New Castle and Scranton, Pa.  The company opened its retail scrap yard and export shipping facility at the Port of Albany on Saturday August 10th and just received full approval on the installation of a second shredder at the Weitsman yard being built in New Castle, Pa., to join its main shedder in Owego, N.Y.  Full approval has also been granted for the construction of the brand new scrap metal recycling facility in Liberty, NY.

The company expects to process 1 million tons of ferrous scrap and 200 million pounds of nonferrous scrap by 2014 and is well on its way to doing so through record scrap volumes and strategic acquisitions throughout New York and Pennsylvania. Additional yards within New York and Pennsylvania to add to the Ben Weitsman family are currently under discussion and will be announced soon.