Dive summary:
- Prime Materials Recovery (PMR), based in East Hartford, Conn., has purchased Miami-based Allied Metal Corp. which as been involved in importing nonferrous metals throughout Latin America and the Caribbean for the last 50 years.
- PMR operates wire and cable recycling facilities in New York, Connecticut, and North and South Carolina, the company claims they process more than 360 million pounds of metals a year.
- PMR says that in addition to processing wire, cable and other nonferrous scrap, it participates in the global metal market through its import and export capabilities, a key factor to their purchase of Allied Metal.
From the article:
PMR concentrates on wire and cable recycling and operates processing facilities in Canastota, N.Y.; Willimantic, Con.; Shelby, N.C.; and Orangeburg, S.C. The company says it processes and brokers more than 360 million pounds of nonferrous metals each year.
Allied Metal Corp. has been involved in importing nonferrous metals throughout Latin America and the Caribbean for more than 50 years, according to a new release from PMR.
“We are excited about welcoming the Mosheim family (former owners of Allied) into ours and look forward to expanding our international sourcing capabilities with this acquisition,” says Bernard Schilberg, CEO of PMR. “It truly makes PMR a global leader in the industry." ...
