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Sims takes over US East Coast export facility

USA – According to the world’s largest listed metals and electronics recycling company Sims Metal Management (SMM), its New England subsidiary in the USA has acquired the assets of Promet Marine Services Corporation for an undisclosed sum.

The deal includes the deep-sea export facility located in the eastern USA on the Providence River comprising more than nine acres of land, a rail-serviced 600-foot pier and two deep-water berths.

As part of a broader strategic initiative, this acquisition will serve as the company’s main export terminal for the New England region, says SMM. The company will continue to look at opportunities to build out this region with additional acquisitions and greenfield developments, it adds.

SMM intends to retain all existing Promet employees, and additional personnel will be added regionally over the coming months.

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