Metal Exchange Corp., a St. Louis-based leader in the purchasing, processing, and manufacturing of nonferrous metals, acquired Medalco Metals Inc., a distributor of light gauge aluminum rolled products. Formed in 2003, Medalco has successfully positioned itself as a strategic partner serving a diverse customer base in the growing 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.
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, impeccable reputation in the industry, as key drivers of the deal, the companies claimed. “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.
“Medalco’s specialty products and unwavering commitment to customer service align with Metal Exchange’s business model and growth strategy,” said Vijay Natarajan, executive vice president of Metal Exchange Corporation’s Trading Division. “This bolt-on acquisition expands Metal Exchange’s footprint while providing further value for our customers, suppliers and business partners.”