Metals recycler Venture Metals has acquired scrap processor Thalheimer Brothers and its titanium-focused Mega Metals subsidiary, expanding its nonferrous capabilities and growing its US presence.
The addition of Pennsylvania-based Thalheimer and Arizona-based Mega gives Venture two new domestic processing facilities in Philadelphia and Phoenix, respectively, it said today. Venture already operates plants in Texas and Illinois, along with another in South Korea.
Neither financial details nor other terms of the transaction were disclosed. Venture is owned by private investment firm Mill Rock Capital.
Mega — purchased by Thalheimer in 2018 — represents a significant foray into the titanium scrap market for Venture. The processor is one of a few domestically to receive approval from titanium mills to handle titanium 6-4 turnings that can be reused for aerospace applications.
Other forms of titanium scrap that Mega processes include 6-4 bulk weldable, 6-4 feedstock and various "ferrous" grades that go toward ferro-titanium production in the US and Europe.
Thalheimer builds on Venture's position within other nonferrous metals, bringing additional scrap processing capacity for stainless steel, copper, brass, aluminum, nickel-based alloys and high-temperature metals.
Rich Reiner will remain as chief executive of Thalheimer and Mega, with both becoming "sister companies" to Venture.
