Metal Exchange Corporation announced that it has acquired Medalco Metals Inc., a U.S.-based distributor of light gauge aluminum rolled products. Formed in 2003, Medalco serves a diverse customer base in the automotive, building and flex and HVAC markets. Medalco will operate as a division of Metal Exchange Corporation.
Medalco co-owners Dwight Klepacki and Larry Dansky began 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," said a spokesperson. "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 fulfillment of its employees-and Metal Exchange's long-standing 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 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 Dansky.
Rick Merluzzi, Metal Exchange Corporation CEO, 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."
For more information contact:
Metal Exchange Corporation
111 West Port Plaza Dr., Ste. 300
St. Louis, MO 63146
314-434-3500
info@metalexchangecorp.com
www.metalexchangecorp.com
Medalco Metals, Inc.
732-591-0913
www.medalcometalsinc.com