Gebhart Holdings has acquired the assets of Bedford Recycling, Inc. with two locations in Bedford, IN and Mitchell, IN. Bedford Recycling’s facilities include an auto shredder, chopping line, and other ferrous and nonferrous processing capabilities. These facilities will be Metal Source’s 8th and 9th locations, and it will also mark Metal Source’s first auto shredder.
The purchase follows Metal Source’s 2021 acquisitions of Decatur Salvage, a 12-acre metals recycling facility at 7870 US 27 in Decatur, Indiana, and Secondary Metals, which operated a 2-acre yard in Peru, Indiana. In 2022, the company purchased Huntington Aluminum in Huntington, Indiana.
“I’m thrilled to announce this purchase,” said Ben Gebhart, CEO of Gebhart Holdings. “This will allow our company to expand our capabilities and footprint, as well as allow for integration and diversification within our current business. Geographically, this will allow for additional support in the area for other businesses we service.”