Dive Brief:

• Upstate Shredding-Ben Weitsman Recycling, based in Owego, NY inked a deal to acquire Murtagh Scrap Handling, located in Rome, NY.
• Upstate considers the site to be the firm’s “most strategic location purchased to date.”
• The scrap metal processor and recycling company expects the purchase to be finalized in January, 2015.

Dive Insight:

According to Adam Weitsman, the CEO of Upstate, the company is making moves to develop more sites in the Northeast region of the country, making the location “perfectly situated in the state where we don’t yet have as large a presence.” Weitsman says he plans to invest a significant amount of resources into this particular location. He plans to invest $3 million in new equipment, renovations and improvements. This acquisition seems to fit the company’s vision to expand its holdings further in the Northeast.

Upstate recently named James M. Land as its COO/chief security officer. Land’s previous experience includes working in law enforcement as part of the New York State Police.