Mt. Pleasant company donates $30,000
MT. PLEASANT — Buried beneath thick vegetation near Arrow Lake was $30,000 worth of treasure left behind from a defunct aluminum processing company. Cincinnati-based Frost Brown Todd attorney Chris Habel, who represents Arrow Lake property owners SLLI, said his company discovered the abandoned operation about four years ago while cleaning up the site. The company went bankrupt in the late 1970s and left mounds of scrap metal, including aluminum.
“At first we didn’t know what it was,” Habel said. “We started looking at what we were going to do with it, and it was the guys at TAP (Tennessee Aluminum Processors in Mt. Pleasant) who told us that material may have significant value to the cement industry.”
Aluminum oxide was found within the discovered materials. The product is used in sandpaper, nail files and the cement manufacturing industry. Habel said it took several years to gather the materials and sell it to various companies. The scrap aluminum was sent to TAP and required about seven months to process, Habel said.
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