Horsehead Closes on Acquisition of INMETCO
01/06/2010 - Horsehead Holding Corp. has closed its acquisition of INMETCO. Mark Tomaszewski, who was the Acting President of INMETCO, was appointed to serve as President going forward.
On December 31, Horsehead Holding Corp. closed on its acquisition of INMETCO, which Horsehead says operates the only secondary smelter in North America dedicated to recycling nickel, chromium, and other metals from hazardous and non-hazardous wastes generated largely by stainless steel and specialty metals producers.
Mark Tomaszewski, who was the Acting President of INMETCO, was appointed to serve as INMETCO's President going forward.
"I am pleased to announce the appointment of Mark to the position of President of INMETCO," said Jim Hensler, Chairman, President, and CEO of Horsehead. "Mark brings a wealth of experience and knowledge of the company and its business to the table, and I look forward to Mark being an important part of the Horsehead team going forward."
Horsehead notes that the acquisition expands its hazardous waste services platform, provides access to new markets for growth, and further diversifies its range of capabilities and products, including the recycling of electric arc furnace dust and stainless steel flue dust for the recovery and reuse of a wide range of valuable metals.
Horsehead Holding Corp. is the parent company of Horsehead Corp., a leading U.S. producer of specialty zinc and zinc-based products and a leading recycler of electric arc furnace dust, a hazardous waste produced by the carbon steel mini-mill manufacturing process. The company is headquartered in Pittsburgh, Pa.
INMETCO (The International Metals Reclamation Co.) is a leading U.S. recycler of hazardous and non-hazardous waste for the specialty steel industry. It is also a significant processor of other metal-bearing wastes, including industrial and consumer batteries. INMETCO is based in Ellwood City, Pa., and employs 108 people.
