Commonwealth Rolled Products (CRP) of Lewisport and MetalX have entered a strategic partnership aimed at strengthening North America’s aluminum supply chain through increased integration, innovation, and sustainability, according to a statement from CRP.
The companies announced Thursday that MetalX, an independent metals recycling business based in Fort Wayne, Indiana, will make a significant investment in Commonwealth Rolled Products, which operates a major aluminum rolling facility in Lewisport. Both companies will remain independently managed but will collaborate closely to enhance efficiency and create a more circular aluminum economy, according to the release.
“This partnership represents the next step in our ongoing effort to reinforce and expand our integrated aluminum solutions,” said Neal Rifkin, president of MetalX. “By combining our expertise in scrap recycling with Commonwealth’s industry-leading manufacturing capabilities, we are building a stronger, more resilient supply chain that will benefit customers across the aluminum industry.”
Commonwealth CEO Mike Keown said the partnership provides new opportunities for growth and innovation.
“We’re pleased to announce this transaction with MetalX, a company that shares our vision for innovation and growth,” Keown said. “This partnership gives us immediate access to additional scrap streams, expands our closed-loop service offerings, and elevates our scrap shredding and sorting expertise. Together, we are set up for great success going forward — scaling our impact and driving industry evolution.”
Hancock County Judge-Executive Johnny Roberts said the partnership underscores the company’s importance to the local economy.
“Commonwealth Rolled Products has played a vital role in our community for many years,” Roberts said. “We believe this announcement represents an important step toward strengthening their future competitiveness, and we stand ready to support them in every way possible during this transition.”
Since being acquired by a fund managed by American Industrial Partners in 2020, Commonwealth Rolled Products has invested more than $150 million in modernization efforts. The Lewisport facility employs approximately 1,130 workers and serves the automotive and industrial markets.
The transaction is expected to close in the fourth quarter of 2025, pending regulatory approvals. Financial details were not disclosed.
