Alter Trading acquires Iron and Metals’ Denver facility

Alter Trading Corporation has purchased the operating assets of Iron and Metals Inc., located in Denver, Colorado. The addition of Iron and Metals further expands Alter's Rocky Mountain Region and increases its facilities to 82. Alter will operate Iron and Metals' 20-acre Denver facility with a continued focus on safety, service, and quality. 

"This acquisition is an important milestone in our Colorado growth strategy, and we are pleased to add another family-owned metal recycler to Alter," shared Robert Goldstein, Chairman of Alter Trading. 

Mike Cohen, president of Iron and Metals, said, "We knew that the right moment would come to transition ownership of our business and pursue our individual interests. We are extremely comfortable and excited to place our business and history in Denver in the hands of our friends at Alter Trading." 

"The Cohens have done a great job with their business over more than 65 years. Their company and its current leadership team, led by Mike Cohen and Steve Cohen, are highly respected in the industry and have built a remarkable company. We are pleased that all three Cohens will remain with Alter. We are looking forward to continuing to serve our new customers and providing our recycling services to the businesses and individuals in the Denver area," said Jack Grundfest, Alter president and CEO. 

The acquisition plays a key role in Alter's continuing plan to be the first-choice provider of raw materials to the largest steel-producing regions in the country. The transaction officially closed on September 25, 2026.