Niles Iron & Metal sold ...Middle East

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Niles Iron & Metal sold
source : TribToday ( Middle East ) () 24
NILES – Niles Iron & Metal Company — well-known in the region for the massive iron statue outside of its South Main Street operation — has been sold to a Wisconsin-based diversified metals manufacturer. Charter Manufacturing acquired the more than 100-year-old family-owned business in a transaction that closed July 22. Terms of the deal were not disclosed. The transaction, however, included both of the company scrap yards — 700 S. Main St., which according to the company’s website, is a 52-acre site that accepts, processes and transports all grades of iron and steel scrap acquired from sources in northeast Ohio and western Pennsylvania and 45 W. Federal St. downtown, which buys, processes, s

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