Ferrous Scrap

PADNOS acquires three Midwest scrap operations
Written by Ethan Bernard
September 11, 2024
Industrial recycler PADNOS announced its acquisition of three scrap operations in the Midwest.
The Holland, Mich.-based company has purchased Sam Winer & Co. in Elkhart, Ind.; Howe Auto Sales in Bay City, Mich.; and Grandpa’s Garage in Traverse City, Mich.
Terms of the deals were not disclosed.
“These three acquisitions align with our strategy to grow our regional network,” President and CEO Jonathan Padnos said in a statement on Wednesday.
- Recycling center Sam Winer will operate as PADNOS Elkhart.
- Salvage yard Howe Auto Sales will operate as PADNOS Bay City.
- Grandpa’s Garage, also a salvage yard, will be consolidated with the neighboring PADNOS Traverse City location.
PADNOS has more than 900 employees at 30 locations throughout Michigan and Indiana. The company is a recycler of ferrous and nonferrous metals, paper, plastics, and electronics.

Ethan Bernard
Read more from Ethan BernardLatest in Ferrous Scrap

Ferrous scrap export activity resumes
Ferrous scrap export activity has picked up steam.

Radius loss narrows, volumes climb in ‘healthy’ West Coast market
Stronger steel demand in the Western US, rising scrap flows, and improved rolling mill utilization drove sequential gains for Portland, Ore.-based Radius Recycling.

Ferrous scrap mart enters ‘summer doldrums’
Summer doldrums hit the US ferrous scrap market.

Bulk freight increases complicate ferrous trade flows
Freight rates have risen $30-$50 on transatlantic cargoes, depending on the final destination.

Ferrous scrap market outlook brightens
Ferrous scrap sentiment picks up.