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Sims Metal Management Acquires Full Ownership of Stevedoring JV
Facility had been a 50/50 joint venture with Donjon Marine
Sims Metal Management Ltd. has acquired the remaining ownership interest of its joint venture Port Albany Ventures, LLC in Bethlehem, N.Y. PAV is a mixed-use bulk material stevedoring operation located on the Hudson River. The 28 acre dock facility, previously a 50/50 joint venture between a Sims Metal Management subsidiary and Donjon Marine Co., Inc., is a mixed-use stevedore operation handling scrap metal, salt and other bulk commodities.
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