Okon Metals

What Okon Metals does

Okon Metals (operating as Okon Recycling) is a Dallas-based, family-owned end-of-life recycling company founded in 1909 and now in its fourth generation of ownership. The company operates from a 20-acre modernized and concreted facility at 5901 Botham Jean Blvd, Dallas, TX 75215, and runs a full-service operation covering scrap metal, rare earth neodymium magnet, MRI, solar panel, parts harvesting, on-site processing, certified destruction, locomotive, demolition, and public buyback recycling. Its competitive position rests on being the largest recycler of scrap rare earth neodymium permanent magnets and MRI machines in North America, the largest supplier of scrap neodymium magnets on the continent, and operator of the largest open-to-public recycling center in the Southwest.

The technology stack is physical-asset-driven rather than software-driven: an owned heavy-duty truck fleet operating 24/7, mobile recycling equipment, in-house container manufacturing (20-, 30-, 40-, and 60-yard containers plus flatbeds, drop decks, and lowboys), and a modernized processing facility. Process capabilities include direct-to-mill sales, customized settlement reports with total transparency, certified destruction with scrap warranties, and ISO 9001:2015 (quality) and ISO 14001:2015 (environmental) certifications from Orion Registrar, Inc. Industry association memberships span ISRI, ReMA, American Clean Power, SEIA, and the Dallas Regional Chamber.

The business model is transaction-fee based across multiple revenue streams. Commercial and industrial clients purchase container services and on-site processing on a recurring basis; the public recycling center operates on a pay-as-you-go walk-in model with unit pricing by material weight and type; specialized lines (rare earth magnet recycling, solar panel recycling, parts harvesting, locomotive development, certified destruction, demolition) are priced per engagement. The go-to-market combines enterprise field sales for industrial accounts with a physical retail footprint for consumer/SMB volume. The company has no disclosed outside funding, no M&A history, no public listing, and is operated entirely under family ownership with an 11-50 employee base.

Name

Okon Metals

Legal name

Okon Recycling

Website

https://okonmetals.com

Company type

Private

Founded year

1909

Operating status

Operating

Headcount range

11–50 employees

Short description

Okon Metals (Okon Recycling) is a fourth-generation, family-owned end-of-life recycler based in Dallas, TX, operating a 20-acre facility that processes scrap metals, rare earth neodymium magnets, MRI machines, solar panels, locomotives, and industrial equipment for commercial, industrial, and public customers across North America.

Ownership category

akta.pro rank

Product category

Scrap Metal Recycling Services

NAICS

Materials Recovery Facilities (562920)

SIC

Primary Smelting & Refining Of Nonferrous Metals (3330), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Metals Recycling & Processing (Ferrous/Non-Ferrous) (BPALADAF)

akta.pro secondary industries

E-Waste & Electronics Metal Recovery (ITAD, Circuit Boards, Precious Metal Recovery) (IMAKAMAG), Precious & Specialty Metal Recovery (Smelting, Refining, Hydrometallurgy) (EUAIAIAD), Non-Ferrous Scrap Processing & Recycling (Aluminum, Copper, Brass, Lead, Zinc) (EUAIAJAB), Scrap Collection, Brokerage & Trading (Dealers, Aggregators, Exporters) (EUAIAJAH)

Keywords

• Scrap metal recycling
• Rare earth magnet recycling
• Solar panel recycling
• Industrial container services
• Public buyback recycling

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Commercial Scrap Metal Recycling: Container services for industrial scrap metal with direct-to-mill on-site processing. Commercial container sizes include 20-yard, 30-yard, 40-yard, and 60-yard containers as well as flatbeds, drop decks, and lowboys.
2. Public Recycling: Open-to-public buyback recycling center offering best pricing in DFW area for aluminum, copper, steel, and other metals.
3. Rare Earth Magnet Recycling: Recycling and supply of scrap neodymium magnets, MRI machines, and neo-magnet containing equipment.
4. Solar Panel Recycling: Value-based solutions for end-of-life solar panels and critical material recovery.
5. Parts Harvesting Services: Decommissioning, dismantling, and parts harvesting from end-of-life machinery with inventory and repackaging.
6. On-Site Processing: On-site metal processing services with direct-to-mill value delivery and customized settlement reports.
7. Locomotive Development: Specialized locomotive end-of-life and development services.
8. Certified Destruction: Certified destruction and scrap warranty services.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Okon Metals (Okon Recycling) is a full-service end-of-life metal, magnet, and renewables recycler operating from a 20-acre modernized facility in Dallas, TX. The company buys, processes, and resells scrap metals (aluminum, copper, steel, brass), recycles rare earth neodymium magnets and MRI machines, recycles solar panels, harvests parts from end-of-life equipment, and provides on-site processing, certified destruction, demolition, and commercial container services to industrial clients, alongside a public buyback center for individual recyclers.

Product overview

Okon Metals (Okon Recycling) is a full-service end-of-life metal, magnet, and renewables recycling company operating from a 20-acre modernized facility in Dallas, TX. The company offers a comprehensive suite of recycling services including Solar Panel Recycling, Commercial Scrap container services, Public Recycling, Magnet Recycling (largest recycler of neodymium magnets in North America), Parts Harvesting, On-Site Processing, Certified Destruction, and specialized metal recycling for brass, copper, steel, aluminum, and automobiles. The company also provides Locomotive Development Services, Contractors and Trades services, and demolition services. All services are supported by the company's own fleet of heavy-duty vehicles operating on a 24/7 schedule and in-house container production capabilities. Okon Recycling is ISO 9001:2015 and ISO 14001:2015 certified.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar Panel Recycling End-of-life recycling service for solar panels and recovery of critical materials, targeted at solar energy industry operators and project owners needing responsible panel disposal.
• Commercial Scrap Container Service Container-based industrial scrap metal pickup and processing service for commercial and industrial businesses, with container delivery, scheduled pickups, and direct-to-mill processing for highest scrap value.
• Public Buyback Recycling Walk-in public recycling center accepting scrap aluminum, copper, steel and other metals from individuals and small businesses, paying competitive per-pound pricing described as the best in the DFW area.
• Rare Earth Neodymium Magnet Recycling Specialty recycling service for scrap rare earth neodymium permanent magnets, neo-magnet containing equipment, and MRI machines, targeted at healthcare facilities, industrial equipment owners, and magnet-bearing machinery operators.
• Parts Harvesting Decommissioning, dismantling, and parts harvesting service for end-of-life industrial machinery and equipment, including parts inventory, packaging, and shipping for reuse or repurposing.
• On-Site Processing Mobile, on-site metal recycling and cleanup service for industrial and commercial facilities, using mobile recycling equipment to process scrap directly at the customer site and deliver direct-to-mill value.
• Metal Recycling

Quantifiable outcome

• Millions of pounds diverted from landfills monthly
• +1 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Dallas Regional ChamberminorOthersMembership and affiliation with regional business organization supporting the Dallas business community.
• ISRI (Institute of Scrap Recycling Industries)coreOthersMember of the scrap recycling industry's trade association representing over 1,100 companies worldwide.
• American Clean PowercoreOthersMember of the renewable energy industry association supporting clean power initiatives and solar energy sector.
• Solar Energy Industries Association (SEIA)coreOthersMember of the national trade association for the solar energy industry, supporting solar panel recycling services.
• ReMA (Recycled Materials Association)coreOthersMember of the trade association representing North American recycling companies, promoting recycling industry standards.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Radius Recycling (formerly Schnitzer Steel): One of the largest metal recyclers in North America operating ferrous and non-ferrous scrap yards, with auto shredding and mill services. Direct overlap with Okon's commercial scrap and metal recycling core, but at vastly greater scale and geographic breadth.
• EMR Group: Global metal recycling group with operations in North America handling ferrous, non-ferrous, and specialty scrap. Comparable in vertical integration and breadth of services, but operating at multinational scale.
• First Solar: Largest U.S. thin-film solar module manufacturer with established recycling operations for end-of-life panels. Overlaps with Okon's solar panel recycling line and represents both a potential competitor and a partner/customer.
• Republic Services: Large U.S. environmental services company operating recycling centers, transfer stations, and C&D processing facilities. Comparable in materials recovery (MRF) operations and certified destruction/compliance capabilities, though much broader in scope.

Direct peers

• SA Recycling: Major non-ferrous and ferrous scrap metal recycler with yards across the western and southeastern U.S. Directly comparable to Okon's commercial scrap, public buyback, and metals recycling model, including automotive recycling.
• OmniSource: Mid-large U.S. scrap metal processor and trader with multiple yards and processing facilities. Directly comparable service mix of ferrous, non-ferrous, and auto recycling targeting industrial and commercial customers.
• Metalico: Scrap metal recycler with yards and processing facilities across the U.S. Overlaps directly with Okon's ferrous/non-ferrous scrap, public recycling, and specialty metal recovery offerings.
• Alter Trading: Scrap metal processor and broker with yards across the central U.S. Comparable to Okon's commercial container services and on-site processing for industrial manufacturers.

Emerging players

• HyProMag: Specialized rare earth magnet recycler using hydrogen processing technology, with ties to Mkango Resources. Directly comparable to Okon's neodymium magnet recycling line and addresses the same critical-materials supply chain gap.
• SolarCycle: U.S.-based solar panel recycling startup building high-throughput panel processing facilities. Directly comparable to Okon's solar panel recycling service, with SolarCycle focused on scale and recovered silicon/silver/glass offtake.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/okonmetalsinc
• Facebookfacebook.com/158483527515794

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

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 Okon Metals