ELMSFORD, N.Y - Brookfield Resource Management, a recycling company serving the New York metro area since 1968, today announced that it has formed a joint venture with Wilkins Rebuilders Supply, Inc.
The new venture will bring Brookfield’s successful commercial model to the Chicago market. The new company, Brookfield Iron & Metal LLC, will recycle a wide variety of items including end-of-life commercial and passenger vehicles and all grades of scrap metal.
“Brookfield’s comprehensive approach to recycling is designed to take advantage of opportunities such as those presented by the Midwest market,” said Brookfield President Tom Malone. “Most recycling companies specialize in one market segment such as scrap metal recycling, auto salvage or truck dismantling and parts resale. Brookfield’s ability to simultaneously leverage these multiple market segments allows us to realize considerable economies of scale and capitalize on an extremely cost-effective approach to delivering recycling products and services. We see tremendous opportunity for this approach in the Chicago market and we are extremely excited about the upside potential of this joint venture.”
The new company, located in Chicago Heights, Ill., began operations on May 31, 2010 and is expected to employ 15 people within the first 12 months of operation. The company recently took delivery of several pieces of recycling equipment including a 70-foot truck scale, a Sennebogen 830 material handler, a Komastu PC350 with a LaBounty MSD 3000 shear and a Sierra RB6000 logger/baler.
“Wilkins Rebuilders Supply is a leader in its field and we’ve had several opportunities to partner recently,” said Wilkins President Josh Wilkins. “However, we feel there are tremendous synergies between Wilkins and Brookfield and this partnership presented the best opportunity for us to capitalize on long-term market trends. We know the Chicago market and Brookfield has the recycling expertise – it’s the perfect partnership.”