Paul Mosheim, and three generations of his family, will remain with the Company and continue to lead its international operations.īernard Schilberg, CEO of PMR, commented: "We are excited about welcoming the Mosheim family into ours and look forward to expanding our international sourcing capabilities with this acquisition. Located in Miami, FL, Allied Metal Corporation has specialized in importing non-ferrous metals throughout Latin America and the Caribbean and processing and distributing products globally for more than 50 years.
PMR distributes a wide range of copper-based alloys, aluminum, tin, zinc, nickel and lead for resale to mills and foundries. In addition, PMR actively participates in the global metal market via its import and export capabilities. PMR processes and brokers in excess of 360 million pounds of non-ferrous metals each year. Headquartered in East Hartford, CT, PMR operates state of the art processing facilities in Canastota, NY, Willimantic, CT, Shelby, NC and Orangeburg, SC. Prime Material Recovery is one of the largest non-ferrous metal processors and distributors in the United States. Carter Morse & Mathias served as PMR's exclusive financial advisor for the transactions. The terms of the transaction and financing were not disclosed. SOUTHPORT, CT - Carter Morse & Mathias ("CMM") is pleased to announce the closing of the acquisition of a substantial interest in Allied Metal Corporation ("Allied") by Prime Materials Recovery ("PMR") and the related acquisition financing.