Back in the 1920s, Morris Olgin began collecting scrap and selling it to dealers in Erie, PA. Now in its ninth decade, Liberty Iron & Metal Holdings, LLC and its affiliated entities are among the leading processors and brokers of ferrous and nonferrous scrap metals in North America.
Through various mergers and joint venture agreements, the company has thrived even during the recession by investing in technologies to grow its metal scrap recycling business. Corporate headquarters is now located at 2144 W. McDowell Road in Phoenix, home of its Liberty Iron & Metal Southwest LLC yard.
Make no mistake; the recycling industry is vibrant and growing in the United States. More than 130 million metric tons of scrap metal, paper, plastic, glass, textiles, rubber and electronics valued at more than $77 billion were processed in the US, according to the latest figures compiled by the Institute of Scrap Recycling Industries (ISRI). This ‘feedstock’ was exported to industrial customers in more than 155 countries.
Steel (ferrous scrap) is the most recycled material both in the US and worldwide; in 2010, the US processed more than 74 million metric tons of ferrous scrap, according to ISRI. Non-ferrous scrap-which includes copper, aluminum, lead, nickel, tin, zinc and others—totaled 8 million metric tons processed in 2010, according to ISRI.
The family name is still pre-dominant at Liberty. Jerry Olgin started working alongside father Morris and is now company Chairman. Marc Olgin is CEO while Steve Olgin serves as Executive VP and General Counsel. In July of 2007, Liberty Iron formed a joint venture with Scholz AG of Essingen, Germany. Liberty and Scholz continue to pursue strategic investment and growth opportunities in North America. With their extensive array of equipment, Liberty is capable of processing in excess of 60,000 tons of ferrous and non-ferrous material every month at its various facilities across the country.
Each of Liberty’s affiliated companies is an experienced, multi-generational family owned and operated business. Besides the Phoenix yard, Liberty Iron & Metal Holdings LLC operates the following facilities:
• Niles Iron & Metal Company LLC, Niles, OH
• Diamond Hurwitz Scrap LLC, Buffalo, NY
• Interstate Shredding LLC, Girard, OH
• Liberty Iron & Metal LLC, Erie, PA
• Premier Metals Group LCC, Rochester, NY
• Mercer Company. Sharon, PA
• Kalischatarra S de RL de CV, Chihuahua, Mexico