Effective July 15th, 2013, ELG Utica Alloys has acquired all of the outstanding shares of Metal Management Aerospace, Inc., located in Hartford, CT from Sims Metal Management.
This transaction furthers the strategic development of both ELG Utica and Sims Metal Management. ELG Utica Alloys, part of the ELG Haniel Group, continues its growth strategy in aerospace scrap processing and revert management. "This acquisition gives us a unique opportunity to consolidate our industry leading position and technological advantage in the areas of Nickel and Titanium superalloy scrap processing. The integration of Metal Management Aerospace, Inc. will underpin our ability to offer our suppliers and customers the most comprehensive service on a truly global scale" says ELG Utica Alloys management. The company will be renamed as ELG Utica Alloys (Hartford), Inc.