Adam Weitsman

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Adam Weitsman
Born
Owego, NY
OccupationBusiness Owner
TitleCEO Upstate Shredding - Weitsman Recycling
Spouse(s)Kim Weitsman (married 2006–present)

Adam Joel Weitsman is an American entrepreneur and philanthropist. He is the owner and chief executive officer (CEO) of Upstate Shredding - Weitsman Recycling.

Early life[edit]

Weitsman grew up in Owego, NY.[1]

Weitsman developed an interest in art collecting early in life after his father and grandfather discovered two early American stoneware bottles during an excavation project in their scrap yard in 1980.[2] Weitsman began collecting the 19th-century stoneware and owned 60 pieces by 1982.[1]

In 1986, Weitsman graduated from Owego Free Academy. Weitsman majored in banking at the C.W. Post Campus of Long Island University in Brookville.[1] In 1989, Weitsman worked at a Manhattan art gallery, Hirschl & Adler Folk, and opened the American Folk Art Gallery in Greenwich Village in 1991.[1][3] In 1995, Weitsman became vice president of Ben Weitsman & Son, a scrap processing company owned by his family.[1]

Career[edit]

In 1997, Weitsman opened Upstate Shredding at the Tioga County Industrial Park in Owego, NY.[4] The company was in danger of bankruptcy in the late 1990s due to a lagging metal industry.[3][5] In 2004, Weitsman served eight months at Otisville Federal Prison in New York for kiting checks during the company’s financial struggles. His sentence was followed by two and a half months in a halfway house.[2][5]

In 2005, Weitsman acquired Upstate Shredding’s sister company, Ben Weitsman & Son, Inc., after his father retired.[4] In December 2009, Weitsman acquired an 11-acre scrapyard in Solvay, NY from Peter Matlow for $225,000.[6] In March 2010, Upstate Shredding won Tioga County’s Business of the Year award.[7] Between 2012 and 2016, Weitsman acquired a bankrupt scrap yard in New Castle, PA,[5] a port facility in Albany,[4] and Empire Recycling in Watertown, NY.[8] By the end of 2016, they were collectively known as Upstate Shredding - Weitsman Recycling.[4][9] That year, Weitsman won the Platts Industry Leadership Award and the AMM Scrap Company of the Year award for the second year in a row.[10][11] In May 2018, a U.S. District Judge found a former Upstate Shredding - Weitsman Recycling employee guilty of defamation.[12] The former employee had spread false claims about Weitsman online and was ordered to stop.[12]

Weitsman and his wife, Kim Weitsman, have invested in real estate in Skaneateles. In 2010, Kim purchased the Krebs restaurant, which was founded in 1899.[13] The restaurant re-opened in the summer of 2014.[9]

In 2018, Weitsman began construction on a Mexican restaurant, Elephant and the Dove, in addition to development of a sports bar in Binghamton, NY called On the Deck and a sushi bar in Owego, NY.[14][15][16]

Philanthropy[edit]

Weitsman supports his local philanthropic efforts through personal funding and his restaurant, The Krebs, which he and his wife purchased in 2010.[13] In 2015, Weitsman and his wife donated $36,000 of the restaurant's profits to 16 regional nonprofit organizations.[17][18]

Since 1998, Weitsman has been donating his collection of 19th-century American stoneware to the New York State Museum in Albany.[2]

In January 2019, Weitsman donated $175,000 to four Boys & Girls Clubs in Owego, Binghamton, Syracuse, and Endicott, after promising on social media that he would make the donation if Syracuse Orange were to beat Duke Blue Devils in a men's collegiate basketball game played on January 14.[19]

Personal life[edit]

Weitsman met his wife, Kim Weitsman (then Kim DeFrance) in the summer of 2000.[3] In 2004, DeFrance left her modeling career to work alongside Weitsman as an operations manager for Upstate Shredding.[3][20] They married in June 2006 in Skaneateles, NY.[3]

References[edit]

  1. ^ a b c d e Louie, Elaine (1995-03-16). "HOUSE PROUD; A Studio Breathes, Idea by Idea by Idea". The New York Times. ISSN 0362-4331. Retrieved 2019-01-31.
  2. ^ a b c Kahn, Eve M. (2010-09-09). "Adam Weitsman New York Stoneware Collection, at Home in Albany". The New York Times. ISSN 0362-4331. Retrieved 2019-01-31.
  3. ^ a b c d e "From scrap to Skaneateles: Adam Weitsman's lifetime mission to salvage a reputation". syracuse.com. Retrieved 2019-01-31.
  4. ^ a b c d "Metal-shredding scrap company growing in region, across N.Y. | The Daily Gazette". dailygazette.com. Retrieved 2019-02-04.
  5. ^ a b c "Recycler lands in New Castle, takes on nation's largest scrap processors". Pittsburgh Post-Gazette. Retrieved 2019-02-04.
  6. ^ syracuse.com. "A beautiful scrapyard? Weitsman starts $5M makeover of Geddes 'eyesore'". syracuse.com. Retrieved 2019-02-04.
  7. ^ "Upstate Shredding Wins Tioga County Business of Year Award". Recycling Today. Retrieved 2019-02-04.
  8. ^ "Owego company buys Pearl Street scrap metal facility". The Daily News. Retrieved 2019-02-04.
  9. ^ a b syracuse.com. "Scrap king Adam Weitsman buys stake in biggest competitor". syracuse.com. Retrieved 2019-02-04.
  10. ^ "Upstate Shredding – Weitsman Recycling receives Platts Global Metal Award". Recycling Today. Retrieved 2019-02-04.
  11. ^ "Upstate Shredding – Weitsman Recycling receives 'AMM' Scrap Company of the Year award". Recycling Today. Retrieved 2019-02-04.
  12. ^ a b syracuse.com. "Ex-employee ordered to stop making false murder claims against scrap dealer Adam Weitsman". syracuse.com. Retrieved 2019-02-04.
  13. ^ a b NYup.com. "Krebs owner plans to reopen landmark Skaneateles restaurant by end of summer". syracuse.com. Retrieved 2019-02-20.
  14. ^ syracuse.com. "Construction underway on Adam Weitsman's new Skaneateles restaurant". syracuse.com. Retrieved 2019-02-04.
  15. ^ Joseph, Bob. "Weitsman Plans to Open Downtown Binghamton Sports Bar". WNBF News Radio 1290. Retrieved 2019-02-04.
  16. ^ Joseph, Bob (October 18, 2018). "Adam Weitsman Planning a Sushi Bar for Owego". WNBF News Radio 1290.
  17. ^ jonathan.monfiletto@lee.net, Jonathan Monfiletto |. "'Part of that pledge': The Krebs in Skaneateles donates $20,000 to four area organizations". Auburn Citizen. Retrieved 2019-02-04.
  18. ^ christopher.malone@lee.net, Christopher Malone |. "Weitsmans pay it forward by donating Krebs restaurant proceeds to 12 local organizations". Auburn Citizen. Retrieved 2019-02-04.
  19. ^ "Cuse fan lives up to vow, gives $175K to charity". ESPN.com. 2019-01-15. Retrieved 2019-02-04.
  20. ^ Nast, Condé. "Look Inside This Renovated Upstate New York Lakeside Getaway". Architectural Digest. Retrieved 2019-02-04.