USA Recycling Industries (Reading, PA), a scrap metals recycler, has signed a letter of intent (LOI) to purchase 51 percent of Lucas Lane, a Pennsylvania-based recycler of used oil filters. USA Recycling Industries CEO Vincent Smith stated that adding the collection and disposal of used oil filters will add significant revenue to the company’s operations in the near term. “The Lucas Lane LOI, combined with our direct end-user-consumer relationships with used motor oil re-refiners, solidifies our competitive advantage,” Smith said.
In related news, USA Recycling has entered into an oil filter collection and disposal services agreement with Redwood Recycling of Staten Island, NY. Redwood serves businesses in the New York metropolitan and surrounding areas.