Investing in Continued Expansion and Greater Reach in the Asian Markets
DALLAS, Sept. 4, 2019 /PRNewswire/ -- Venture Metals, a leading provider of high-touch recycling solutions to the industrials, manufacturing, energy and metals sectors, has announced that it is expanding its presence in Asia by opening an office in Seoul, South Korea. Earlier this year, Venture Metals and Mill Rock Capital acquired Versatile Processing Group to create a company with more than $700mm in revenue and six processing facilities across the United States. This represents the first office outside the United States for Venture Metals.
Chris Chong, Vice President, Global Marketing & Sales of Venture Metals, said, "This strategic milestone is a significant development for Venture and is a natural next step to further bolster our longstanding commitment to serving the Asian marketplace and increasing connectivity with our base of consumers."
"We continue to be excited by the demand we have been seeing in Asia for our products and services and look forward to the success of our team in Seoul," expressed Mark Chazanow, President of Venture Metals.
"We are pursuing several levers to strategically and dynamically grow our business," added CEO Mike Uhrick. "An Increased presence in Asia will allow us to broaden the value we offer our industrial customers."
The focus of the new office will be to pursue strategic expansion opportunities and partnerships in South Korea, China, Japan, Vietnam and Singapore.
ABOUT VENTURE METALS
Venture Metals, LLC procures, processes and sells nonferrous and other metals for recycling and remelting purposes and is based in Dallas, TX. Founded in 1986, the company has grown to become a leading provider of industrial recycling solutions. The company offers tailored, turnkey solutions to collect, remove, sort, process and sell recycled metal generated as a by-product of a production process. Building relationships on transparency and trust, Venture is recognized for its high standards of safety, sustainability and quality. Venture operates processing facilities in Dallas, TX; Houston, TX; Wills Point, TX; Des Plaines, IL; and Nabb, IN. Venture is a portfolio company of Mill Rock Capital. For more information, please visit www.venturemetalsinc.com.
ABOUT MILL ROCK CAPITAL
Great Mill Rock LLC dba Mill Rock Capital is a growth and operations oriented private investment firm that invests in well-positioned middle market industrial businesses in North America. Founded by Christopher Whalen and Adi Pekmezovic, Mill Rock Capital is purpose-built to invest in family-owned businesses, owner-operators and founder-led companies across six industry verticals. Focus sectors include chemicals and materials, industrial distribution, services, metals, transportation and logistics and specialty manufacturing. Mill Rock Capital supports business transformation through a dual-sourcing strategy encompassing majority equity and Activ Capital® – debt, senior equity or hybrid investments which provide business owners value-added financial partnership without relinquishing a controlling stake. For more information, please visit https://millrock-cap.com/.
To reach the Venture Metals Asia office, please contact:
416 Hangang Daero Jung Gu, Seoul
Seoul Square 14th Floor
Republic of Korea
Fax: +82 2 6455 2913
Joomin Um, Trader
Rocky Kim, Trader
Blicksilver Public Relations
Source Venture Metals
Web Site: http://www.venturemetalsinc.com