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Metalico Agrees to Sale to Total Merchant

CRANFORD, NJ -- Jun 16, 2015 -- The Board of Directors of Metalico, Inc. (NYSE MKT: MEA), an operator of scrap metal recycling facilities primarily in the eastern Great Lakes corridor, has agreed to sell the Company to Total Merchant Limited for total consideration of approximately $105 million.

The all-cash deal will include a payment to Metalico's stockholders of $0.60 for each share of Metalico common stock owned by them as of the date of closing. The price includes roughly $44 million for Metalico's outstanding equity plus the cost of retiring the Company's primary term and institutional senior and convertible debt, estimated at approximately $45 million and the assumption of approximately $16 million of additional debt as of June 15, 2015.

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



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.