CFC Recycling Acquires Goolsby & Sons Recycling

Why It Matters

The purchase expands CFC’s regional footprint, enhancing service reliability for industrial and consumer recyclers while preserving local trust. It reflects a broader industry shift toward consolidation for scale, efficiency, and access to emerging circular‑economy opportunities.

Key Takeaways

• CFC Recycling adds Goolsby & Sons to its Tennessee portfolio.
• Acquisition keeps Goolsby’s team and brand intact.
• Facility will close temporarily for renovations and efficiency upgrades.
• Expanded services target manufacturers, contractors, and household drop‑offs.
• Second‑generation Rice brothers now lead CFC’s growth strategy.

Pulse Analysis

The U.S. scrap metal recycling sector has entered a phase of consolidation as operators seek economies of scale, tighter logistics, and broader service offerings. Larger firms can negotiate better freight rates, invest in advanced sorting technology, and meet the growing demand from construction, manufacturing, and consumer recycling streams. This trend is especially pronounced in regional markets where family‑owned yards hold valuable local relationships but lack the capital to modernize. By acquiring such businesses, national players accelerate market penetration while preserving the community trust that smaller yards have cultivated.

CFC Recycling’s purchase of Goolsby & Sons exemplifies that strategy in Tennessee. The Gallatin‑based yard, known for its family‑run reputation, will remain staffed by its existing team, ensuring continuity for long‑time customers. CFC plans to temporarily close the facility to remodel the drop‑off area, upgrade material handling equipment, and integrate its transportation network, which promises faster pickup and more reliable pricing. The brothers, Andrew and Alex Rice, who assumed ownership in 2024, view the deal as a way to serve a broader spectrum of clients—from large contractors handling job‑site scrap to homeowners disposing of household metals.

For the Gallatin market, the acquisition means a more dependable recycling experience and potentially higher recovery rates, translating into better margins for both scrap generators and the recycler. CFC’s expanded footprint also positions it to capture emerging opportunities in green steel production and circular economy initiatives that rely on consistent, high‑quality feedstock. Under second‑generation leadership, the company is likely to pursue additional regional buys, reinforcing its competitive edge. Stakeholders—from local municipalities to industrial manufacturers—should watch for further service enhancements and pricing stability as the integration progresses.

Deal Summary

CFC Recycling of Tullahoma, Tennessee, has completed the acquisition of Goolsby & Sons Recycling, a family‑owned scrap metal recycler in Gallatin. The deal will keep Goolsby & Sons' team intact while leveraging CFC's resources, logistics and capabilities to serve local manufacturers, contractors and individual customers.