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- United States -

Charter Manufacturing Acquires Ohio-Based Scrap Recycler

Charter Manufacturing, a diversified metals manufacturer, has acquired Niles Iron & Metal Company (NIMCO), a scrap metal recycler located in Ohio.

The deal was facilitated by the investment bank Browns Gibbons Land & Company (BGL), which described this acquisition as a unique partnership between two fourth-generation, privately held companies. NIMCO operates two facilities in Ohio focused on processing both ferrous and non-ferrous metals.

This acquisition is expected to create synergies that will benefit both Charter and NIMCO in their operations.

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