Venture Metals and Mill Rock Capital Acquire Versatile Processing Group

NEW YORK, Aug. 5, 2019 /PRNewswire/ — Mill Rock Capital Management LP (“Mill Rock”), a growth and operations oriented private investment firm, announced today that its affiliates have made a strategic investment in Venture Metals, LLC and SI Metallics, LLC (“Venture”) in partnership with management. In connection with Mill Rock’s investment, Venture has acquired Versatile Processing Group, Inc. (“VPG”). The transaction combines two leading U.S. metal recycling solutions providers of comparable size to create a platform with annual revenues in excess of $700 million. Further terms were not disclosed. Mill Rock is based in New York and is an affiliate of Stellex Capital Management LP.