Posted in | News | Ferrous Alloys and Metals | Business

NYMET Acquires Metal Trading Company in Canada

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Jul 27 2010

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NYMET Holdings Inc. (PINKSHEETS: NYMH), an innovative metals and commodities trade company, headquartered in Port Jefferson, N.Y., is pleased to announce the acquisition of Vican Trading Inc. based in Montreal, Canada.

"The acquisition of Vican Trading is an integral part of the growth strategy of Nymet Holdings Inc. The expertise of Vican Trading will play a key role in giving Nymet a world-class global trading desk. In particular, Vican Trading's president and founder, Lorne Kalisky will be a key addition to senior management of Nymet," T. Benjamin Jennings, President and Chairman, stated.

"We are thrilled to be joining the Nymet team. Nymet's growth strategy to build a fully integrated commodities company is very exciting given the vast opportunities in the global metals market place. The team at Vican Trading is determined to help Nymet become a world leader in this industry," Lorne Kalisky, President of Vican Trading Inc., additionally stated.

Source:

http://www.nymetholdings.com/

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