United States | The US division of Sims Metal Management - the world’s largest metals and electronics recycling company - has acquired the remaining stake in Port Albany Ventures (PAV) of Bethlehem, New York. The financial terms of the transaction have not been disclosed.
PAV is a mixed-use bulk material stevedoring operation located on the Hudson River. Its 28-acre dock facility - previously a 50/50 joint venture between a Sims Metal Management subsidiary and Donjon Marine Co., Inc. - handles scrap metal, salt and other bulk commodities.
Sims Metal Management ships scrap metal from the Upper Hudson Valley Region directly to export markets or to its Jersey City facility in New Jersey for further processing. In addition to its core recycling business, Sims Metal Management is the largest mixed-use bulk material stevedoring company on the US East Coast.
Acknowledgement
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