August 15, 2013 – An aggressive move was confirmed today when Upstate Shredding 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.” said Adam Weitsman, president of Upstate Shredding and Ben Weitsman. “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.” The all-cash transaction will close in 30 days. 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 [...]
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