Upstate Shredding - Weitsman Recycling

Name

Upstate Shredding - Weitsman Recycling

Legal name

Upstate Shredding – Weitsman Recycling

Website

https://upstateshredding.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Owego

HQ country

United States

HQ region

North America

Offices11 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Scrap Metal Processing and Sales: Purchases scrap metal from retail customers (individuals with old appliances, scrap dealers, businesses) and commercial customers (industrial producers, municipalities). Processes materials through shredding and separation facilities. Sells processed ferrous and nonferrous materials (automobiles, trucks, appliances, machines, industrial scrap) to foundries, mills and manufacturers domestically and internationally.
2. New Steel Service Center: Provides carbon steel, stainless steel, aluminum, brass and other metal stock including beams, bars, sheets, plates, and pipe to contractors, fabricators, welders, manufacturers, and consumers. In-house steel processing for ready-to-deliver products.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Upstate Shredding – Weitsman Recycling purchases ferrous and nonferrous scrap metal from retail individuals and commercial/industrial generators at 15-17 yards across New York and Pennsylvania, processes the material through a 10,000 HP mega shredder and downstream Eddy Current, X-Ray, Dry Heavy Media, Optic Color Sorting and Micro Fines separation systems, and sells the recovered commodities to foundries, mills and manufacturers domestically and internationally via a Port of Albany export facility. The company also operates four Weitsman New Steel Service Centers selling carbon steel, stainless steel, aluminum, brass and other metal stock to contractors, fabricators, welders, manufacturers and consumers.

Product overview

Upstate Shredding – Weitsman Recycling operates a vertically integrated scrap metal recycling platform consisting of retail drop-off services at 15-17 locations, commercial/wholesale processing, and advanced manufacturing operations. The core offering is a Mega Shredder (10,000 HP) that processes automobiles, trucks, and industrial scrap at 450 tons per hour, with downstream processing through Heavy Media Plant, Micro Fines Plant, Wire Chopping Plant, and Dynamic Ferrous Metal Separation Systems (Eddy Current, X-Ray, Dry Heavy Media, Optic Color Sorting, Wire Recovery). Completing the portfolio are four Weitsman New Steel Service Centers that sell processed steel and metals (carbon steel, stainless steel, aluminum, brass, beams, bars, sheets, plates, pipe) to contractors and manufacturers. The company also operates a Port of Albany facility for export markets. All operations feed into supply chains for foundries, mills, and manufacturers domestically and internationally.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Scrap Metal Services Drop-off scrap metal recycling services at 15-17 retail yards across New York and Pennsylvania; accepts aluminum, copper, steel, stainless steel, cars, brass, cans, insulated wire and more; customers drive onto scales and receive same-day cash payment based on current market prices.
• Commercial / Wholesale Scrap Metal Processing Large-scale scrap metal processing for commercial generators and industrial producers, featuring customized pickup/delivery schedules, dedicated fleet, container availability, specialized handling equipment and material grading to maximize customer profitability.
• Weitsman New Steel Service Centers Four retail locations (Ithaca, Owego, Rochester, Binghamton) supplying carbon steel, stainless steel, aluminum, brass and other ferrous metal stock in the form of beams, bars, sheets, plates and pipe to contractors, fabricators, welders, manufacturers and consumers, with in-house processing for ready-to-deliver products.

Quantifiable outcome

• Processes 1 million tons of ferrous and 250 million pounds of nonferrous scrap metal per year
• +4 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Scale indicators13 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Metalico: Scrap metal processor with yards concentrated in the Northeast and Midwest, operating shredders and nonferrous recovery. Operates in overlapping geography and serves the same end markets of foundries and mills.
• SA Recycling: Major U.S. scrap metal recycler with multiple shredder locations, port-based export operations, and a mix of retail and commercial scrap sourcing. Competes head-to-head with Upstate in the eastern U.S. for ferrous volume.
• Radius Recycling (formerly Schnitzer Steel Industries): One of the largest publicly traded scrap metal recyclers in North America, operating shredders, ferrous/nonferrous processing, and export via deep-water port facilities. Directly comparable in business model, scale, and end markets to Upstate Shredding.
• Liberty Iron & Metal: Regional scrap metal processor with shredding operations serving the eastern and midwestern U.S. Similar customer mix of industrial generators, demolition contractors, and retail sellers feeding foundries and mills.
• PSC Metals: U.S. scrap metal recycler operating multiple shredder facilities, processing ferrous and nonferrous metals for steel mills and foundries. Comparable in operating model and customer base to Upstate Shredding.
• Ferrous Processing & Trading: Midwest-anchored scrap metal processor with shredding, shearing, and brokerage operations supplying steel mills and foundries. Operates a similar vertically integrated scrap model with both retail and commercial channels.
• Sims Metal Management: Global scrap metal recycler with operations across the U.S., Australia, and the U.K., running large shredders and downstream separation technology to serve foundries and mills. Closely matches Upstate's vertically integrated ferrous and nonferrous model.

Broad incumbents

• David J. Joseph Company (DJJ): Subsidiary of Nucor Corporation and one of the largest scrap metal procurers and processors in North America. Operates an extensive shredder/processor network with strong parent balance sheet, overlapping directly with Upstate's customer relationships with steel mills.
• OmniSource Corporation: Large multi-state scrap metal processor and metal management company supplying ferrous and nonferrous feedstock primarily to Steel Technologies and other mills. Broader geographic footprint than Upstate but operates the same shredding and separation model.
• EMR (European Metal Recycling): Global metal recycling group with operations across the U.S., Europe, and Asia, running shredders and advanced separation plants. Comparable in technology stack and end-market focus, though geographically more diversified.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/adam.weitsman
• Instagraminstagram.com/adamweitsman
• Xx.com/UpstateShred

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Upstate Shredding - Weitsman Recycling