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inmetco

July 22, 2024

INMETCO Property Purchased With Plans On Operating

According to a local news report, Irongate Industrial Center LLC was the highest bidder in purchasing the land and building of the former International Metals Reclamation Company (INMETCO) with plans to operate the facility. The report adds that during a June 26 auction, Irongate Industrial Center LLC was the highest bidder at $1.4 million for the industrial site and under the terms of the sale, Irongate agreed to purchase the property free-and-clear of all liens, interests and encumbrances, and will not be responsible for any liability or obligations from INMETCO during the bankruptcy case. Earlier this year, the Ellwood City…

February 12, 2024

INMETCO Declares Bankruptcy

For the second time in less than a decade, INMETCO has filed bankruptcy. The Ellwood City recycling plant filed a Chapter 7 bankruptcy in the Western District of Pennsylvania bankruptcy court on January 31, 2024. According to published reports, eight employees were kept on at the plant after the initial round of layoffs in October and affected workers received no severance pay. In 2015, former parent company Horsehead announced INMETCO was expanding its facilities with a $10 million dollar project. Later in 2015, a fire broke out and raged at the Ellwood City facility. A year later, it filed for…