The global leader in the purchasing, processing and manufacturing of non-ferrous metals, Metal Exchange Corporation has made public that it has acquired Medalco Metals Inc., a US-based distributor of light gauge aluminium rolled products.
Medalco, founded in 2003 has successfully positioned itself as a strategic partner serving a diverse customer base in the developing automotive, building and flex, and HVAC markets. However, following the competition of acquisition, Medalco will operate as a division of Metal Exchange Corporation.
Dwight Klepacki and Larry Dansky, the co-owners of Medalco initiated considering potential buyers for their organization in early 2022. From the start, there was a strong cultural alignment with Metal Exchange – a factor both parties considered key to the success of the acquisition. Specifically, Medalco leaders cited the shared core values, the “Dual Bottom Line” approach – a business practice that balances financial success with the safety, well-being and fulfilment of its employees, and Metal Exchange’s long-standing, impeccable reputation in the industry, as key drivers of the deal.
“The company culture and business philosophies at Metal Exchange were a clear fit for us, right from the start,” said Dwight Klepacki.
While customers and suppliers will enjoy the expanded access to inventory as a part of the Metal Exchange family, the Medalco name, values and emphasis on strong customer relationships will remain unchanged.
“We look forward to not only maintaining but enhancing relationships with our customers and suppliers,” said Larry Dansky.
Vijay Natarajan, the Executive Vice President of Metal Exchange Corporation’s Trading Division said, “Medalco’s speciality products and unwavering commitment to customer service align with Metal Exchange’s business model and growth strategy.”
“This bolt-on acquisition expands Metal Exchange’s footprint while providing further value for our customers, suppliers, and business partners.”
Rick Merluzzi, the CEO of Metal Exchange Corporation added, “Given our strong people-oriented culture, the scale and scope of our business and long-term commitment to our industry, we are a great landing spot for companies like Medalco to transition their company. We are very excited to add Medalco to the Metal Exchange family.”
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