|
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.
|