CHICAGO, IL – April 18, 2017. Freeboard Holding LLC announced today that it has entered into a partnership with Fe Xchange Group LLC and acquired a 50% interest in the newly formed company, FE Trading Group LLC (“FTG”). FTG will be headed by Freeboard’s Robert Kelman as CEO. Kelman has over 30 years’ experience in the metal recycling and trading industry and is the former President of Sims Metal Management North America and Managing Director of Sims’ European Scrap business. Engaged primarily in the brokerage and trading of ferrous scrap, FTG will begin trading on May 1st. Nanci Schuld, President of Fe Xchange Group LLC was appointed President of FTG and will head up the trading team. FTG also announced it has signed an exclusive supply agreement with Scrap Metal Services (“SMS”) to trade their ferrous scrap directly to North America steel makers.
“Our new trading venture will give FTG the ability to provide superior service to both scrap metal producers and consumers. I am looking forward to building upon this great platform,” Kelman said.
“We are excited about our agency agreement with FTG. Bob and Nanci bring great depth that will enhance our ability to focus on our core business,” said Jeffry Gertler CEO Scrap Metal Services, LLC.