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Metalico Buys Furlow's North East Auto

CRANFORD, NJ -- 12/20/13 -- Metalico, Inc. (NYSE MKT: MEA) has agreed to acquire the assets of Furlow's North East Auto, Inc., an automotive salvage and parts provider in North East, Pennsylvania. Terms were not disclosed.

The transaction includes Furlow's junk car and parts inventory and real estate at 10224 West Main Road in North East, located in northwestern Pennsylvania near Erie. The site will be operated by Metalico's Goodman Services, Inc. subsidiary based in Bradford. Furlow's President Tim Furlow will stay on with Metalico.

Metalico, Inc. is a Ferrous as well as a Non-Ferrous scrap metal processor operating in New York, New Jersey, Ohio, Pennsylvania, West Virginia, Texas, and also in Mississippi.

Through our Mayco Industries division, we are the nation's largest fabricator of lead based products other than batteries. We operate, through Mayco, the world's largest lead rolling mill in Birmingham, Alabama.

We are the leading manufacturer of lead sheet and lead based radiation shielding products. We sell our products on a nationwide basis to a diverse industrial customer base. We also have lead fabrication facilities located in Illinois and California.

We hold a high standard for customer service and aim to meet every one of our customers' needs.

We are a publicly traded company under the symbol MEA which is listed on the American Stock Exchange.

Our corporate headquarters is located in Cranford, New Jersey.