IMC-MetalsAmerica, LLC  135 Old Boiling Springs Rd  Shelby NC  28152  704.482.8200


PRESS RELEASE

September 8, 2009

 

     Prime Materials Recovery, Inc., a geographically diversified non-ferrous metal merchant specializing in the recovery of secondary
 metals, reported today that it has acquired the assets of IMC and MetalsAmerica located in Shelby, NC.  The purchase was completed through a court ordered section 363 sale of the United States bankruptcy code.  MetalsAmerica is the world's largest producer of copper, brass, tin, and nickel anodes.

     The IMC Brand of high-end anodes is one of the most well known and respected brands in the metal electroplating industry with
an outstanding reputation for unsurpassed quality and performance.   IMC Distribution has identified the attributes of delivering products and services as a single source to consumers.

     "With the acquisition of IMC-MetalsAmerica, LLC, Prime Materials Recovery, Inc. expects to significantly expand its share of this important U.S. market as well as leverage Prime Materials global sales infrastructure with the technically superior brand of IMC.  This upstream vertical integration will provide IMC-MetalsAmerica, LLC more flexibility in raw material purchasing as well as granting numerous pricing options to assist its customer base as an integral part of the company's marketing strategy", said Bernard Schilberg, CEO of Prime Materials Recovery, Inc.

     Prime Materials Recovery, Inc. is one of the country's largest non-ferrous metal merchants, headquartered in East Hartford, CT with facilities in Willimantic, CT, Canastota, NY, and Orangeburg, SC.