For us at Loeb's, it started in Columbus, WI.
In 1923. Hyman Loeb, our father, ran a small business out of his back yard. He was called a junk collector. Hyman would go on his horse-drawn wagon door to door. Loeb would collect all kinds of junk including paper, rubber products, metals, and rags. He would then take the items home and sort out and sell the items to different processors.
Hyman had the help of his five sons, Maury, Bill, Harry, Archie and Leonard, and one daughter, Rose. But just as important he had the help and backing of the community.
Now 53 years later, two of his sons, Bill and Archie, carry on his trade. The sons have moved to Watertown and up the ladder to scrap processors. They now use heavy equipment to produce an important man-made resource for mills, refineries and foundries. That resource is scrap metallics from old products that can be remelted into raw materials for new products. Along with our new title, we also have another hat, that of a recycler.
07 11 Loeb Metal Recycling Company’s aluminum can recycling center collected 1,740,000 used aluminum containers during the “Turn Aluminum Into Gold” Olympics recycling campaign ending June 30. William Loeb, president of Loeb Metal Recycling Company, said the recycling center at 1111 South Tenth Street collected 72,500 pounds of cans during the June activity and paid more than $22,000 to can collectors. “Recycling aluminum cans makes everyone a winner,” Loeb said. “Participating in the campaign was an effective way to make more Americans aware of the benefits of recycling, to increase the number of can collectors in the Watertown area and help U.S. Olympic athletes at the same time.” WDT
07 26 LORMAN IRON AND METAL CO ACQUISITION
Economic and personal reasons have caused state Sen. Barbara Lorman to sell her business, Lorman Iron and Metal Co., to the Four L Corp., a newly formed subsidiary of Loeb Industries, 1111 South Tenth Street, company officials announced this week. Lorman who represents the 13th Senate District, said the recession of 1980 deeply affected the foundry industry, which in turn hurts the iron processing business. “It’s a changing market . It’s a change in demand,” Lorman, who is president of the firm, told the Daily Times this morning. “It (the industry) changes direction. It grows or it shrinks. With us, it was shrinking.” WDT
07 23 LOEB-LORMAN METALS FILES FOR PROTECTION
JEFFERSON -- Due to the decrease in global prices for iron ore, Loeb-Lorman Metals, with a facility in Watertown at 1111 S. Tenth St., has announced it is filing of a petition in Jefferson County Circuit Court to move into receivership. In a petition seeking receivership, the firm stated it has assets of just over $18 million and debts of approximately $17 million but the fair value of the assets does not meet the debt. JPMorgan Chase Bank is Loeb's greatest creditor and Loeb owes it more than $10 million. JPMorgan controls the Loeb assets in Watertown. Also filing for receivership in Jefferson County was Loeb-Lorman Trucking Co. The petitions, filed Friday, are a strategic business move according to President Bruce Loeb. He said the Chapter 128 filing under state statutes will not materially affect day-to-day scrap metal operations at the company's plants.
07 26 LOEB-LORMAN SOLD; local metal processing sites might close
The assets of a century-old scrap processor in Watertown and Fort Atkinson has been sold to one of the largest metal recyclers in the country.
Alter Trading Corp., a privately-owned, fourth-generation company based in St. Louis, has acquired the Wisconsin-based assets of the Loeb-Lorman Metals Inc. The deal reportedly took place Thursday and still must undergo a court-approval process. All three of Loeb-Lorman’s Wisconsin sites in Fort Atkinson, Watertown and Reedsburg were purchased by Alter. Loeb-Lorman had filed for bankruptcy under Chapter 128 of Wisconsin Statutes. A court-appointed receiver was to sell the company’s assets to raise money to cover as much debt as possible. The plan was reportedly to sell the business in one piece as a going concern. However, upon learning of the sale Friday, employees were told to vacate the site. Besides its Watertown yard and headquarters, Loeb-Lorman has operations in Fort Atkinson, Reedsburg and Argo, Ind. Between its facilities in Watertown and Fort Atkinson, there are roughly 70 employees — 20 in Watertown and 50 in Fort Atkinson. Pictured here, Loeb-Lorman was founded by Louis Lorman family in 1914 behind their home on South Main Street facing Merchants Avenue. The current facility, shown above, is located on Lorman Street, west of Ralph Park on the city’s north side . . . . Daily Jefferson County Union.
Cross Reference: The Loeb family’s roots in the recycling business go back to 1921 when it was founded in Columbus by Hyman Loeb, father of Archie and the late Bill Loeb. The business moved to Watertown in 1941 and at that time was located on the property that now has become Schurz Elementary School. Some years later it moved to the 1111 S. Tenth St. location. In 1988 the Loeb family purchased the Fort Atkinson location from the Lorman family, who had founded their business in 1914, and in 2007 the Reedsburg facility began operations. Two years later the company began operation of a site in Argo.
Oliver H. Kirscher, 1917–2008. Ozzy had been employed in the scrap yard at Loeb's in Watertown for 18 years
History of Watertown, Wisconsin