Aluminum Scrap Markets
October 31, 2025
MetalX, Commonwealth Rolled Products announce partnership
Written by Stephanie Ritenbaugh
Recycled metals company MetalX announced a partnership with Commonwealth Rolled Products.
Financial terms of the transaction were not disclosed. The deal is expected to close in the fourth quarter, subject to receipt of regulatory approvals and other customary closing conditions.
As part of the agreement, Fort Wayne, Ind.-based MetalX, together with the Rifkin family, will invest in Commonwealth, which serves the automotive and industrial markets.
MetalX will maintain its headquarters in Fort Wayne and both companies will maintain their own independence and management, the companies said.
“This partnership represents the next step in our ongoing effort to reinforce and expand our integrated aluminum solutions,” said Neal Rifkin, president of MetalX, in a statement. “By combining our expertise in scrap recycling with Commonwealth’s industry-leading manufacturing capabilities, we are building a stronger, more resilient supply chain that will benefit customers across the aluminum industry.”
Based in Lewisport, Ky., Commonwealth Rolled Products has been a portfolio company of a fund managed by American Industrial Partners since 2020. AIP is a global industrials investor with approximately $17 billion in assets under management.
The partnership is meant to expand MetalX and Commonwealth Rolled Products’ raw materials strategy, including enhancing pre-processing and sorting capabilities and optimizing freight movements.
“This partnership gives us immediate access to additional scrap streams, expands our closed-loop service offerings, and elevates our scrap shredding and sorting expertise,” Mike Keown, president and CEO of Commonwealth, said in a statement. “Together, we are set up for great success going forward — scaling our impact and driving industry evolution.”
