Dive Brief:
- Metallix Refining Inc. bought a Maxton, NC precious metals recycling plant from Antwerp, Belgium-based Umicore Precious Metals Recycling.
- Terms of the sale to Metallix, which is based in Shrewsbury, NJ, were not disclosed. The acquisition enables Metallix to upgrade its catalytic converter recycling services.
- With the ability to process four million pounds per year of ceramic converters, the Maxton plant has a platinum-group metals (PGM) recycling process for metal foil converters. The plant can process three and a half million pounds per year of the waste.
Dive Insight:
Metallix’s acquisition of the NC precious metals recycler is in line with the firm’s PGM Pipeline recycling program. The program is an alliance of firms, intended to refine and recycle PGM metals.
