E&J Metals and Auto Parts acquired by Alter Trading Corp.

Alter Trading Corporation recently purchased Illinois-based E&J Metals and
Auto Parts Company. Alter, a privately-held firm, is a leading processor of
scrap metal and currently employs 907 people. The acquisition of
E&J will increase Alter’s presence in the State of Illinois, further strengthening
its position as one of the largest scrap metal recycling companies in the
United States.

 As part of the acquisition, a new entrance and scale will offer a customer-
friendly approach to recycling.  “This acquisition puts us closer to our customers
in the Illinois Quad Cities, and continues our philosophy of better meeting
our suppliers needs by offering exceptional service,” said Robert S. Goldstein, Chairman, CEO and President.

 “We are pleased to undertake this opportunity to serve the Rock Island community for both metals recycling and future auto parts needs” said Jay L. Robinovitz, Senior Vice President and Chief Officer of Operations.

 “The strategic location offers a unique opportunity to expand our Wrench N Go self service auto parts platform, our recyclables collection activities, and our service to community and industry suppliers” said Steve E. Soltis, Vice President of Operations.

 Founded in 1898, Alter Trading, a privately owned, fourth-generation company, is ISO 9001 and 14001 certified. With this acquisition, Alter will operate 39 metal recycling facilities and five trading offices in eight states, as well as a representative sales office in Hong Kong, China. Headquartered in St. Louis, Alter provides a direct supply of products and services, sourced both in America and abroad, to consumers in the United States and throughout the world.