HISTORY

HISTORICAL ROOTS

AMG traces its roots back to a German entrepreneur named Adolph Kern, who was engaged in the commodity brokerage business in 1890. One of Kern’s more profitable activities was purchasing tin-plate scrap for Goldschmidt Brothers in Essen, Germany. Goldschmidt Brothers had succeeded in perfecting an economical method for reclaiming tin from tin-plate scrap, an important accomplishment given the limited supply of and growing demand for tin.

Kern soon realized that he might fare better if the tin scrap he was buying for Goldschmidt Brothers was detinned in the United States, so he set up two American detinning companies. The first, Vulcan Material Refining Co., was established in Sewaren, N.J. The second, Vulcan Western Co., was established in Streator, Ill. In 1902, the two companies merged to form Vulcan Detinning Company. Vulcan later acquired a third plant in Neville Island, Pa., just outside of Pittsburgh, Pa., and, in September 1955, opened its first midwestern facility in Gary, Ind.

In 1956, Vulcan merged with Birmingham Slag Company to form Vulcan Materials Company.

FORMATION OF AMG

On March 4, 1988, AMG Resources Corporation purchased Vulcan’s detinning operations. Upon the completion of the sale, AMG had U.S. facilities in Pittsburgh, Gary and Baltimore, Md., as well as two plants in the United Kingdom that Vulcan had previously purchased from Batchelor, Robinson & Co.

EXPANSION OF AMG

Two years after its founding, AMG opened its first greenfield operation, a 200,000-square-foot plant in St. Paul, Minn. that sits along the bank of the Mississippi River. Utilizing technology designed, engineered, patented and constructed by AMG, the new facility began processing magnetized trash and used steel cans.

In 1991, AMG entered the scrap brokerage business. Since then, 13 brokerage offices have opened across the United States. In 1996, the brokerage business was expanded into Europe with the opening of an office in Birmingham, U.K.

AMG opened its first operation outside the mainland United States or the United Kingdom in 1993 in Poncé, Puerto Rico.

In 1994, AMG acquired Burstein Company, a firm specializing in known-analysis ferrous scrap and dealing in industrial-grade materials for specialty melt shops.

Two years later, AMG completed the purchase of a facility in Newark, N.J., its fifth scrap processing facility in the United States.

In 1997, AMG took two major steps toward strengthening its midwestern presence. First, it doubled the size of its St. Paul plant. Then, in August, it completed the purchase of Kimmel Metals, Inc., a midwestern steel and aluminum processor with operations in Milwaukee, Wis., Fort Dodge, Iowa and St. Joseph, Mo.

AMG acquired its first west coast facility in May 1998, purchasing a plant in Lathrop, Cal. from Schnitzer Steel Industries’ Proler Recycling Inc. subsidiary.

In the summer of 1999, through a joint venture with Philip Services Corp., AMG opened an on-site scrap management program at Bethlehem Steel Corp.’s Sparrows Point, Md. mill. Sparrows Point Scrap Processing, LLC, the result of that joint venture, is now completely controlled by AMG and continues to service the Sparrows Point mill, which is now owned by Mittal Steel Company N.V. SPSP works with Mittal to recommend and execute an optimized monthly scrap-purchasing plan. SPSP receives and inspects all scrap receipts for Mittal and delivers loaded charge buckets directly to Mittal’s furnace.

In April 2000, AMG opened an on-site scrap management and optimization program at Ford Motor Company’s foundry in Leamington, U.K., one of the largest foundries in Europe.

In May 2000, AMG acquired two additional businesses in Newark, N.J. The purchases of the Joseph B. Zamelsky Co., which has been processing scrap metal since 1907, and New Jersey Iron & Metal, Inc., which handles numerous industrial accounts, expanded AMG’s existing Newark operations and brokerage opportunities.

In September 2000, AMG Industries Plc completed the acquisition of Shardal Castings Ltd., one of the largest aluminum scrap processing and brokerage companies in the United Kingdom.

In the spring of 2004, AMG opened new brokerage offices in Chicago, Ill. and Philadelphia, Pa.

In September 2005, AMG launched Chicago Plate Products, a new division that expanded AMG’s existing secondary steel business. Based at a new facility in East Chicago, Ind., Chicago Plate Products is engaged in the purchase, processing and sale of secondary plate products.