Coiners’ Sold

Coiners Scrap Iron and Metal has been sold, Christina Mora reports for NBC 29. The Meade Avenue business, in its 101st year, is now owned by the Roanoke-based Cycle Systems, which is nearly as old. Cycle Systems has been on an acquisition binge in the past decade, snapping up scrap metal companies in Harrisonburg, Waynesboro, Staunton, Martinsville, Pulaski, and South Boston. Because the sale is private, it’s not known how much walking around money Preston Coiner has suddenly found himself with.

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