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ISA to explore growth in ‘15: Garber

NEW YORK — After finally returning Industrial Services of America Inc. (ISA) to profitability in the third quarter, company president Sean Garber said he is evaluating organic and acquisition-based growth opportunities moving into 2015.

"Our goal is to hit 2015 in stride. ... Growth is a big focus, absolutely," Garber said in an interview with AMM.

"We think that there (are) growth opportunities in both (ferrous and nonferrous recycling); the auto parts market as well," he said. "Regardless of where those are, we’re looking for value. We want to be very thorough and methodical in our approach, and we want to bring value to the organization."

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Garber dives in at ISA, upbeat on turnaround

PITTSBURGH — Industrial Services of America Inc.’s (ISA’s) new top executive recognizes that there are problems at the metals recycler, but is confident that a turnaround is possible.

Sean Garber last week was named president of ISA, Louisville, Ky., as part of a three-year management deal with Louisville-based metals recycler Algar Inc., where he serves as chairman and chief executive officer (amm.com, Dec. 4).

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ISA Signs Service Agreement with Algar

Industrial Services of America Inc. (ISA), a Louisville, Ky.-based scrap metal recycling company, has entered into a management services agreement with the auto parts and recycling company Algar Inc., also based in Louisville. The agreement is effective Dec. 1, 2013, and extends through Dec. 31, 2016.

Under the arrangement, executives and staff of Algar will assist ISA with its day-to-day operations in an attempt to strengthen ISA’s financial operations. Additionally, ISA’s board has appointed Sean Garber, Algar chairman and CEO, president of ISA. Garber was president of ISA from 1997 to 2000 and has direct experience with the company’s facilities and operations.

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