CMI expands U.S. shredding and recycling footprint with total ownership of CMI Upstate

Combined Metal Industries (CMI) has entered into a definitive agreement to acquire the remaining 50 percent ownership interest in CMI Upstate, the New Castle, Pennsylvania-based operating entity formerly held in partnership with Upstate Shredding. The transaction is scheduled to take effect on December 1, 2025, subject to customary closing conditions and final consents, at which time CMI will assume full ownership and operational control of the New Castle facility. 

The transaction results in 100 percent ownership and operational control of the New Castle facility, further integrating CMI's expanding U.S. footprint and reinforcing the company's long-term strategy to build a unified, technologically advanced recycling platform across North America. 

With full integration now complete, CMI is poised to transform the New Castle site into a next-generation hub for high-volume metal recycling — with a strategic priority on advanced aluminum processing. Planned upgrades will expand throughput, accelerate material recovery, and deploy new safety and environmental systems. 

The acquisition reinforces CMI's commitment to:

• Investing in world-class recycling infrastructure in both Canada and the United States
• Developing efficient, environmentally responsible metal-processing operations
• Supporting manufacturing supply chains with consistent, high-quality recycled feedstock
• Creating skilled jobs and economic value in the communities where CMI operates 

CMI will begin a phased rollout of equipment upgrades and operational enhancements at the New Castle site over the next 12-24 months.

"Assuming full ownership of CMI Upstate marks an important milestone in our growth plan," said Gary Kaplan, founder and CEO of Combined Metal Industries. "The New Castle operation has strategic value due to its geographic position, rail and trucking access, and strengthened sourcing network throughout the Northeast. Full consolidation enables us to accelerate capital investment, maximize efficiencies, and deliver more value to our customers." 

CMI also expressed appreciation to Adam Weitsman, former partner and seller of the remaining interest. "Adam played a key role in the early success of the New Castle venture," Kaplan said. "His industry knowledge and entrepreneurial drive helped establish the initial platform for this facility. We are grateful for his collaboration throughout the partnership and for the professionalism he brought to this transaction. We anticipate building on our strong relationship with Adam by exploring future strategic opportunities together."