| February 2024 |
| MCRC Announces a New Investment in wTe Recycling, Inc. |
Founded in 1990, wTe recycles scrap iron, copper, aluminum and other metals for sale to domestic and international steel mills. wTe operates state-of-the-art processing equipment, including a high-speed hammermill auto shredder, downstream eddy current separators and other high speed metals sorting equipment to produce high value steel and non-ferrous metal products. wTe is one of only four major shredder operators in the New England market and has a long track record of success in the business.
wTe has been an MCRC client since 1990, and the proceeds of MCRC’s recent subordinated debt investment were used to facilitate a management buyout.
For more information, visit the web site wTe Recycling, Inc.