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Venture Metals |
Acquisition of Thalheimer Bros and Mega Metals Bolsters Nonferrous Capabilities
Venture Metals has acquired Thalheimer Brothers and its subsidiary, Mega Metals. This strategic move significantly expands Venture's nonferrous recycling operations. The acquisitions add processing facilities in Philadelphia, Pennsylvania, and Phoenix, Arizona. These locations complement Venture's existing plants in Texas, Illinois, and South Korea. Mega Metals, specializing in titanium scrap, brings a critical new capability.
This acquisition includes titanium 6-4 turnings, approved for aerospace reuse. Thalheimer Brothers strengthens Venture's position in stainless steel, copper, and aluminum recycling. They also handle nickel-based alloys and high-temperature metals. Rich Reiner will continue as CEO of both Thalheimer and Mega. Venture Metals aims to enhance its market presence in the US.
Titanium Expertise and Market Expansion
Mega Metals' focus on titanium scrap is a key asset. They are approved to handle titanium 6-4 turnings for aerospace. This includes 6-4 bulk weldable and 6-4 feedstock. They also process "ferrous" grades for ferro-titanium production. This serves both US and European markets. This expansion signifies Venture Metals' commitment to specialized metal recycling.
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