Kripke Enterprises Acquires Mid South Aluminum
12 July 2017 by Staff
Non-ferrous scrap metal brokerage Kripke Enterprises, Inc. (KEI) announced on Monday the acquisition of aluminium coil distributor Mid South Aluminium, Inc. Terms of the sale were not immediately available.
“I’ve worked with Alan and his team for over 20 years, and I felt this was the right time to join forces,” explained Matt Kripke, President of Kripke Enterprises, Inc. and Mid South Aluminum. “With this acquisition, and Alan’s leadership and expertise KEI will quickly move further into the aluminum finished goods supply chain.”
Specializing in aluminium coil, gutter, and downspouts, Mid South Aluminum was established in 1995 by Alan Sallee, Jr in Jackson, Tennessee. The privately-held firm branched out into wide-width coil nine years ago, and has since become one of the United States’ premier distributors of aluminium coil and gutters for home building, sign and lighting, outdoor sheds, and patio enclosures, among other applications.
Mid South is now under the ownership of one of the country’s top aluminium brokerages. Kripke Enterprises was founded in 1993 by Larry Kripke, an Ohioan and Sherwin Metals alumnus with over three decades of hands-on work in the non-ferrous industry. Kripke is headquartered in Toledo, Ohio and maintains locations in Jackson, Tennessee, and Boca Raton, Florida, and offers value-added benefits including hedging, trucking, and storage, among others. Kripke employs seven traders at present, including Larry’s son Matt Kripke.
“The sale of my company was a hard decision, but I am excited to grow Mid South, and KEI complements our business and culture,” said Alan Sallee, Vice President of Mid South Aluminum. “With the support of KEI, Mid South can expand into new markets, build tolling arrangements, and provide added value to our current customers.”
Thanks to this acquisition, the combined sales for the current year are expected to top US$160 million.