SHREWSBURY, N.J., June 4, 2015 /PRNewswire/ — Metallix Refining Inc., a leader and innovator in the precious metals recycling industry for over 45 years, today announces their purchase of a new precious metals recycling facility from Umicore. The state-of-the-art scrap catalytic convertor processing facility located in Maxton, North Carolina was built four years ago and will allow Metallix to significantly increase their catalytic converter recycling capacity and stand by their mission of continuously improving their precious metal recycling process and technology.

The Maxton facility has the capacity to process 4,000,000 lbs per year of ceramic converters and is one of very few locations in the world with a PGM recycling process for metal foil converters with the capabilities to process 3,500,000 lbs per year of this difficult material.

This new facility complements Metallix existing refinery in Greenville NC which recycles and refines other types of scrap precious metals from industries such as electronics, jewelry, & specialty chemicals. The acquisition of this facility will give Metallix a significant advantage in capacity, flexibility, reliability, and speed while offering the catalytic converter market competitive pricing and an excellent customer experience.

In addition to the acquisition of the Umicore facility, Metallix is pleased to announce it will retain the majority of the site’s expert employees in an effort to ensure a seamless transition and ensure maximum near and long-term growth.

“We’re excited to own and operate this state-of-the-art auto catalyst recycling facility. This acquisition gives Metallix another opportunity to better serve the precious metals recycling market,” said Eric Leiner, CEO of Metallix Refining Inc. “Our business model and advanced technology makes investments like this possible. The Maxton facility will support our future PGM Pipeline endeavors as well.”

This facility acquisition happens in conjunction with the newly unveiled PGM Pipeline, an innovative recycling program powered by Metallix. The PGM Pipeline is a strategic alliance of companies with the facilities dedicated to refining and recycling PGM metals quickly, and in as few steps, as possible. The Maxton facility further expands this program’s capacity and expertise. For more information on the PGM Pipeline please visit metallixrefining.com/pgmpipeline/.

About Metallix Refining

For more than 45 years, Metallix Refining, Inc. has been a leader and innovator in the precious metals recycling industry. Metallix purchases, recycles, and refines gold, silver, platinum, palladium, and rhodium, serving businesses in a variety of industries around the globe. An ISO 9001:2008 certified company, Metallix ensures that scrap precious metals are processed carefully, and with strict attention to environmental, health and safety regulations. For more information about Metallix Refining, please visit metallixrefining.com.

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SOURCE Metallix Refining Inc.