Kripke acquires Mid South Aluminum

Wednesday, Jul 12, 2017

Nonferrous scrap metal brokerage firm Kripke Enterprises Inc.(KEI), headquartered in Toledo, Ohio, has announced the acquisition of aluminum coil distributor Mid South Aluminum Inc., based in Jackson, Tennessee. (KEI wasprofiled in the March 2017 issue of?Recycling Today.) Matt Kripke, president of KEI, says the newly acquired company will operate as a division of KEI and will retain its name.

In 1995 Alan Sallee Jr. established Mid South Aluminum, which specialized in the sales and distribution of coil and accessories to the gutter and downspout industry. In 2008 the company expanded into widecoil. Today, Mid South Aluminum is one of the country’s leading distributors of aluminum coil for home building, sign and lighting manufacturing, outdoor sheds and patio enclosures.

This is the first acquisition for KEI, which has focused on organic growth up to this point, Kripke says. “We have been looking for opportunities to expand for quite some time. We have been successful in the aluminum scrap world and are excited to add vertical integration in aluminum coil.”

Kripke adds that within six months, he plans for Mid South Aluminum to be sufficiently integrated into KEI so that the division can begin to add to its brokerage team. He says he expects full integration by the one-year mark.

“I’ve worked with Alan and his team for over 20 years, and I felt this was the right time to join forces,” says Kripke, who now also serves as president of Mid South Aluminum.

“With this acquisition and Alan’s leadership and expertise, KEI will quickly move further into the aluminum finished goods supply chain,” he adds. “We are excited to build on the great reputation and good name that Alan has built up for the company.”

“The sale of my company was a hard decision, but I am excited to grow Mid South, and KEI complements our business and culture,” says Sallee, the former owner and now vice president of Mid South Aluminum and KEI. “With the support of KEI, Mid South can expand into new markets, build tolling arrangements and provide added value to our current customers.”

According to a news release from KEI, KEI and Mid South Aluminum’s combined sales will reach more than $160 million in 2017.

Founded in 1993, KEI is an aluminum brokerage firm with locations in Toledo and Jackson as well as in Boca Raton, Florida.

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