Associated Terminals in Reserve has completed its acquisition of the assets of St. James Stevedoring Co. in Convent to create one of the largest and most diverse cargo loading and unloading and terminal services companies operating on the Lower Mississippi River.
Terms of the deal, first announced in November, were not disclosed.
Associated said the acquisition will allow it to offer its dry bulk and break bulk cargo shippers more efficient cargo transfer, while minimizing time spent in port by leveraging the combined companies’ equipment, technology and berthing locations.
Founded in 1990, Associated’s operational bases include Myrtle Grove, Chalmette, Reserve and Port Allen. The company employs over 300 workers and transloads over 21 million tons of cargo annually for customers across the United States and the world.
Founded in 1985, St. James Stevedoring provides midstream cargo services on the Mississippi River with six buoy ship mooring locations between the New Orleans Airport and the Sunshine Bridge. St. James’ operations overlay the primary grain-loading area for the United States.
St. James also offers in-plant stevedoring services to facilities along the Gulf Coast and rail services central to the region.
Associated Terminals’ transaction with St. James results in a combined fleet of 14 high-capacity Gottwald crane barges; 21 deep-draft berths capable of transloading ocean vessels; and multiple dockside and in-plant service locations along the Gulf Coast in Louisiana and Texas.
“The additions to our fleet, berthing locations and personnel integrates well with Associated’s existing footprint and will significantly strengthen our market position,” said Todd Fuller, president of Associated Terminals. “Having a larger footprint will give us greater flexibility and logistical solutions to service our existing customer base while providing enhanced prospects and resources to bring new business opportunities.”