Sipi Asset Recovery

What Sipi Asset Recovery does

Sipi Asset Recovery (legal name Sipi Metals Corp.) is a privately held, US-based industrial services company headquartered at 1720 N. Elston Avenue in Chicago, Illinois, with a stated founding date of 1905 and a 251-500 employee headcount band. The firm operates three interconnected businesses: precious metals refining for industrial scrap streams, engineered alloy production (brass, bronze, master alloys, and pure metals), and secure IT asset data destruction under the proprietary FIREMELT brand.

The company's technology stack centers on a metals laboratory accredited to ISO/IEC 17025:2017 for precious metals and gravimetric copper analysis—one of a small cohort of such laboratories worldwide—along with proprietary FIREMELT data-destruction technology positioned as the only US offering at that sensitivity tier. Operations are governed by ISO 9001:2015 (quality), ISO 14001:2015 (environmental), and ITAR registration (defense-related materials), and the company holds NWBOC certification as a women-owned business enterprise.

Sipi's commercial model combines transaction-fee precious metals refining for equipment manufacturers, e-scrap recyclers, refiners, and mining companies; hardware-sale alloy production for foundries and industrial users; and professional-services secure data destruction for organizations disposing of sensitive IT equipment. Pricing is quote-based and not publicly disclosed, and the go-to-market is direct B2B enterprise field sales. The company has not disclosed revenue, fundraising, M&A, or expansion activity in the available source material.

Name

Sipi Asset Recovery

Legal name

Sipi Metals Corp.

Website

https://sipiar.com

Company type

Private

Founded year

1905

Operating status

Operating

Headcount range

251–500 employees

Short description

Sipi Asset Recovery (Sipi Metals Corp.) is a privately held Chicago-based industrial services firm providing precious metals refining, engineered alloy production, and proprietary FIREMELT secure IT asset data destruction to equipment manufacturers, e-scrap recyclers, refiners, mining companies, and foundries.

Ownership category

akta.pro rank

Product category

Industrial Metals Refining and Engineered Alloys

NAICS

Secondary Smelting, Refining, and Alloying of Nonferrous Metal (except Copper and Aluminum) (331492), Nonferrous Metal (except Aluminum) Smelting and Refining (33141)

SIC

Secondary Smelting & Refining Of Nonferrous Metals (3341)

akta.pro primary industry

Precious Metals Smelting & Refining (IMAKAEAE)

akta.pro secondary industries

E-Waste & Electronics Metal Recovery (ITAD, Circuit Boards, Precious Metal Recovery) (IMAKAMAG), Precious & Specialty Metal Recovery (Smelting, Refining, Hydrometallurgy) (EUAIAIAD)

Keywords

• Precious metals refining
• Engineered alloys production
• Secure data destruction
• IT asset disposition
• Copper alloy manufacturing

Headquarters

HQ city

Elk Grove Village

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Precious Metals Refining Services: Provides refining services for precious metals from equipment manufacturers, e-scrap recyclers, refiners, and mining companies, with personalized service combining quick settlements and environmentally responsible processing.
2. Engineered Alloy Products: Manufactures and sells brass, bronze, and master alloys to foundries, artisans, and industrial users. Products include high-quality engineered alloy products for commercial and industrial use.
3. Secure Data Destruction Services: Provides highest-level secure data destruction services using FIREMELT technology for IT asset disposal, ensuring total data security for organizations disposing of sensitive equipment.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Sipi refines precious metals recovered from industrial and electronic scrap for equipment manufacturers, e-scrap recyclers, refiners, and mining companies using an ISO/IEC 17025:2017 accredited laboratory. It also manufactures and sells engineered brass, bronze, master alloys, and pure metals to foundries and industrial users under ISO 9001:2015. In parallel, it provides end-of-life IT asset secure data destruction through its proprietary FIREMELT℠ technology, reported as the only US offering at this highest sensitivity tier.

Product overview

Sipi Asset Recovery operates as a metals recovery and data destruction company offering two interconnected service lines. The first is Secure Data Destruction, featuring the proprietary FIREMELT℠ technology—the only service of its kind in the US providing the highest level of sensitive data destruction for IT asset disposal. The second is a comprehensive metals business encompassing precious metals refining with ISO 14001:2015 certified processing, and engineered alloy production (bronze, brass, master alloys, and pure metals) manufactured under ISO 9001:2015 Quality Management System. The company operates an ISO/IEC 17025:2017 accredited laboratory for analytical testing. These services are unified by the company's core value proposition: maximum value recovery for clients combined with environmental responsibility and industry-leading accuracy.

Differentiator

Problem solved

Functional benefit

Brands

• FIREMELT: Proprietary secure data destruction technology offering the highest level of sensitive data destruction services.

Products and services

• FIREMELT℠ Secure Data Destruction Proprietary, highest-level sensitive data destruction service that securely destroys data on IT assets reaching end of life; positioned as the only US firm offering this tier of destruction technology, for organizations with strict compliance, defense, or reputational data-security requirements.
• Precious Metals Refining Refining service for gold, silver, platinum, and palladium recovered from industrial and electronic scrap, delivered with quick settlements, transparent sampling, and ISO 14001:2015 certified environmentally responsible processing; targets equipment manufacturers, e-scrap recyclers, refiners, and mining companies seeking maximum value recovery and accurate lab-verified settlement.
• Engineered Alloys (Brass, Bronze, and Master Alloys) Manufactured line of technically precise brass, bronze, master alloys, and pure metals produced under ISO 9001:2015 Quality Management System for foundries, artisans, and commercial and industrial users requiring exacting specifications and consistent chemistry.
• Metals Laboratory Services In-house analytical services delivered through an ISO/IEC 17025:2017 accredited laboratory using Fire Assay and gravimetric copper analysis techniques, providing precise sampling and triple-checked, lab-verified data for precious metals and brass analysis; supports both Sipi's own refining/alloy operations and external customers requiring accredited assaying.

Quantifiable outcome

• Accurate value recovery for precious metals through ISO/IEC 17025:2017 accredited lab processes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators2 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Sabin Metal Corporation: US-based precious metals refiner and assayer serving catalysts, e-scrap, and industrial byproducts — a direct competitor to Sipi in secondary precious metals refining, with comparable lab accreditations and B2B customer profile.
• Metalor Technologies International SA: Swiss-headquartered precious metals refiner and fabricator with US refining operations serving industrial, jewelry, and electronics customers; a direct peer in precious metals refining and assaying, with overlapping customer segments in equipment manufacturers and e-scrap.
• Electronics Recyclers International (ERI): US-focused ITAD and e-scrap recycler offering secure data destruction alongside downstream materials processing; competes with Sipi in the ITAD value chain, though with more emphasis on shredding and downstream commodity sales than precious metals refining.

Broad incumbents

• Materion Corporation: Publicly traded US supplier of advanced materials including precious and non-precious metals, alloys, and beryllium products; competes with Sipi in engineered alloys and precious metals refining but operates at a much larger scale and broader product portfolio.
• Umicore SA: Global materials technology and recycling group with a major precious metals refining and recycling business; competes with Sipi in secondary precious metals recovery from industrial and e-scrap feedstocks, but at substantially larger global scale.
• Heraeus Precious Metals: German-headquartered precious metals and technology group operating large-scale refining and recycling services globally; overlaps with Sipi in precious metals recovery and industrial customer segments, with deeper R&D and broader product set.
• Johnson Matthey Plc: UK-listed specialty chemicals and precious metals company with a sizeable precious metals products and refining business; competes with Sipi in PGM and industrial precious metals processing, though with a much broader chemicals and catalysts portfolio.
• Boliden AB: Swedish mining and smelting group that operates one of the world's largest electronic scrap recyclers (Rönnskär) and recovers precious metals from complex feedstocks; competes with Sipi for e-scrap-derived precious metals, but at vastly larger scale and integrated mining exposure.

Regional players

• Dowa Holdings Co., Ltd. Japanese smelting, recycling, and electronic materials group with substantial precious metals and e-scrap recycling operations; comparable to Sipi in precious metals recovery and engineered alloy production, but primarily serves Asian end markets.

Others

• Sims Metal Management Limited: Global scrap metal and electronics recycler with a significant e-scrap division; not a direct precious metals refiner, but competes with Sipi for e-scrap feedstock and downstream material flows, and is a potential upstream supplier or competitor in ITAD.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/sipi_ar
• Facebookfacebook.com/sipi.asset.recovery
• LinkedInlinkedin.com/company/sipi-asset-recovery

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Sipi Asset Recovery