Samuels Recycling Company Acquired by Alter Trading Corporation

ST. LOUIS, Jan. 3 /PRNewswire/ — Effective December 29, 2006, Alter Trading Corporation purchased Wisconsin-based Samuels Recycling Company. Alter, a privately held firm, is a leading processor of scrap metal and currently employs 550 people. The acquisition of Samuels Recycling Company will significantly increase Alter’s capacity, making it one of the largest scrap metal recycling companies in the United States.

Samuels, founded in 1896 and one of the premier scrap metal processors in the country, currently employs 250 individuals and offers ferrous and non- ferrous metal recycling services at seven locations throughout Wisconsin. Its employees are active in their communities and dedicated to the environment around them. “This acquisition will only serve to enhance Alter’s commitment to our consumers, our employees, the environment, and to the communities in which our facilities are located,” said Robert S. Goldstein, CEO and President, Alter Trading Corporation. “The dedication, integrity and commitment to quality that can be found at each Samuels Recycling location complements Alter’s own high standards.”

Samuels’ President, Michael Spear, stated, “It is with optimism and pride that we are able to align ourselves with a company of Alter’s reputation for integrity and honesty as together, we continue our shared passion for reclaiming the past to provide a better future.”

Founded in 1898, Alter Trading, a privately owned, fourth-generation company, is ISO 9001:2000 and 14001:2004 certified. With this acquisition, Alter will operate 28 metal recycling facilities and five trading offices in seven states as well as a representative sales office in Shanghai, China. Headquartered in St. Louis, it provides a direct supply of quality products and services, sourced both in America and abroad, to consumers in the United States and throughout the world.