Effective July 12, 2010, Alter Trading Corporation purchased Wisconsin-based Reliable Recycling Company. Alter, a privately held firm, is a leading processor of scrap metal and currently employs 872 people. The acquisition of Reliable Recycling Company will increase Alter's Midwest footprint, further strengthening one of the largest scrap metal recycling companies in the United States.

Reliable was founded in 1995 and has grown steadily over the past 15 years, offering both ferrous and non-ferrous metal recycling services at four locations throughout Wisconsin and Michigan. Its 30 employees are active in their communities and dedicated to the environment around them. "This acquisition will only serve to enhance Alter's unwavering commitment to our consumers, our employees, the environment, and to the communities in which our facilities are located," said Robert S. Goldstein, Chairman, CEO and President of Alter Trading Corporation.

Reliable's Owner and President, Mark Wilson, stated, "After many years of working closely with the folks at Alter, I am excited for myself and my team to join the Alter family." Mr. Wilson will remain with Alter following the transaction in the position of Marketing Manager, based in Green Bay, Wisconsin.

"I am pleased to welcome Mark and the entire Reliable team to Alter Trading," said Jay L. Robinovitz, Senior Vice President and Chief Officer of Operations. "The exceptional quality of the Reliable facilities and the company's employees make it a strong cultural fit with our existing organization."

Founded in 1898, Alter Trading, a privately owned, fourth-generation company, is ISO 9001 and 14001 certified. With this acquisition, Alter will operate 38 metal recycling facilities and five trading offices in eight states, as well as a representative sales office in Hong Kong, China. Headquartered in St. Louis, Alter provides a direct supply of quality products and services, sourced both in America and abroad, to consumers in the United States and throughout the world.

July 12, 2010 - Reliable Recycling Company Acquired By Alter Trading Corporation

April 11, 2008 - Lifetime Achievement Award for Mr. Goldstein and Record Crowds at ISRI Annual Convention

April 4, 2008 - Alter Trading Acquires SCI Recycling

January 2007 - Samuels Recycling Company Acquired By Alter Trading Corporation

March 7, 2005 - Alter is please to announce that Robin Cai is joining Alter Trading. Robin is joining Alter to head up its first overseas office in Shanghai, China.

May 2004 - Keystone Selects Alter as Sole Scrap Supplier

June 2004 - China Scrap Metal Market Seen as Recovering