Anthony Soave was promoting an era of growth at Soave Enterprises in the late 1990s. By this time, he was beginning to diversify his company even more by entering into a unique array of industries. During these years, he made a large investment in metals recycling. Soave purchased Ferrous Processing & Trading, which provides a full range of environmentally responsible scrap metal processing services.
An Intelligent Investment
Ferrous Processing & Trading (FPT) offered many benefits and possibilities for Anthony Soave and his company. For example, they were one of the few centers to operate a mega-shredder, capable of recovering more than 150 tons of recycled metals per hour. Now the fifth largest metal recycling company in the United States, FPT has operations extending throughout Michigan, Ohio, Florida, Tennessee, and Ontario, Canada. The investment proved to be a smart one, as Ferrous Processing & Trading is now one of the largest money-makers in the Soave Enterprises family.
The success of FPT is largely due to the rising value of metals such as copper and steel. These resources fuel a large portion of the North American manufacturing and industrial industries, and consequently the need for reliable scrap metal recycling services has grown in recent years.
At Ferrous Processing & Trading, the metals recycling management team is led by Yale Levin and includes Howard Sherman, Tony Benacquisto, Steve Benacquisto, Andrew Luntz, Joanie Streicher, Rob Bakotich, Bill Wild and Roger Bushnell. Anthony Soave relies heavily on this team to guide the company towards their goals and to facilitate continued growth within the business.
Through Ferrous Processing & Trading (FPT), Soave Enterprises partners with clients nationwide to supply high-value specialty re-melting products for steel making and foundry customers. Annually, FPT brokers an average of 28 million tons of scrap metal. FPT uses a combination of innovative processes and a supply of prompt manufacturing scrap to develop and regularly deliver their high-quality products.
“We are dedicated to providing products of high-value and integrity for each of our customers,” states FPT Executive Vice President, Chip Hering. “We are very proud of our long-standing trade relationships where mutual trust and confidence have built ever stronger over the years. We are in business for the long pull, and our reputation for straightforward dealing is one of our cherished assets.”
Scrap Metal Services and Products
The company provides a wide array of scrap metal processing services and also supplies foundries and steel mills throughout the country. Products include uncoated (black) punchings and busheling, dense, free-flowing “nuggets” of low residual, low carbon scrap, shredded #1 clips, low-residual coolant scrap, packaged and bulk, for ladle metallurgy applications, gray and nodular iron, and hot-process briquetted cast iron borings. Buyers and sellers work directly with clients to determine the most cost-effective processes to put in place to increase the overall relevant value for each client.
Soave Enterprises serves scrap metal recycling clients nationwide through FPT. Whether you need a single ton, a single load, a railcar or several containers, FPT welcomes the opportunity to supply clients’ scrap metal needs.
About Soave Enterprises
Soave Enterprises is a diversified management and investment company founded by Detroit businessman Anthony Soave. Soave Enterprises provides strategic planning, financial and other management resources to its affiliated business ventures in the real estate, automotive retailing, beer distribution, scrap metal, industrial services and transportation industries, among others. For more information on Tony Soave and Soave Enterprises, please visit http://www.soave.com.
3400 E Lafayette
Detroit, MI 48207