Prime Material Recovery has acquired Allied Metal Corporation to enhance its multinational sourcing and global operations in the non-ferrous metals market.

Target Information

Prime Material Recovery (PMR) stands as one of the largest non-ferrous metal processors and distributors in the United States. With its headquarters located in East Hartford, Connecticut, PMR operates advanced processing facilities in Canastota, New York; Willimantic, Connecticut; Shelby, North Carolina; and Orangeburg, South Carolina. Each year, PMR processes and brokers over 360 million pounds of non-ferrous metals, while also engaging actively in the global metal market through its import and export capabilities.

In its pursuit of enhancing multinational sourcing operations for high-grade metals, PMR has made a strategic acquisition of Allied Metal Corporation, based in Miami, Florida. Allied has specialized in importing non-ferrous metals from Latin America and the Caribbean for over 50 years, coupled with processing and distributing products on a global scale. The Mosheim family, headed by Paul Mosheim, will continue to lead the company in its international operations post-acquisition.

Industry Overview in the United States

The non-ferrous metal processing industry in the United States is a significant sector, driven by the growing demand for sustainable metal recycling and the need for raw materials in various manufacturing processes. As environmental regulations continue to tighten, th