November 2, 2007
LockeBridge LLC announced today that it has acted as exclusive financial advisor to Kataman Metals, Inc. a leading merchant broker of non-ferrous metals, in its sale to Metal Resources, Inc. The terms of the transaction were not disclosed.
Based in St. Louis, MO, Kataman (“the Company”) was founded in 1993 and quickly established itself as a leading international supplier of copper, aluminum, zinc, lead and nickel. Kataman is the only integrated merchant that deals in both primary and secondary copper on a large quantity basis. Kataman has established strategic partnerships with most of the Fortune 500 corporations which require metal resources.
According to Mr. Ben Fixman, Chief Executive Officer of Kataman, “Our sale to Metal Resources, Inc. has resulted in substantial additional capitalization which will enable the Company to grow much faster.”
William Garnett, a Managing Director at LockeBridge, commented, “The combination of Metal Resources’ aluminum experience combined with Kataman’s expertise in non-ferrous metals, specifically copper, represents substantial growth opportunities for both firms.”