NILES – Niles Iron & Metal Company — well-known in the region for the massive iron statue outside of its South Main Street operation — has been sold to a Wisconsin-based diversified metals manufacturer.

Charter Manufacturing acquired the more than 100-year-old family-owned business in a transaction that closed July 22.

Terms of the deal were not disclosed.

The transaction, however, included both of the company scrap yards — 700 S. Main St., which according to the company’s website, is a 52-acre site that accepts, processes and transports all grades of iron and steel scrap acquired from sources in northeast Ohio and western Pennsylvania and 45 W. Federal St. downtown, which buys, processes, stores and transports non-ferrous metals, particularly aluminum. The West Federal Street location is a little less than 1 acre, according to the Trumbull County Auditor’s Office.

The South Main Street yard, meanwhile, also buys waste paper from customers that include grocery stores, industrial producers, national chains and the public to sell to mills across the U.S., the website states.

Read Thursday’s print edition of The Vindicator or online at www.vindy.com for more on this story.