Mergers and Acquisitions

Associated Terminals Acquires New Orleans Bulk Terminal

Associated Terminals, the Convent, La.-based cargo handling and logistical solutions company, announced January 21 the acquisition of New Orleans Bulk Terminal, a privately-owned, 50-acre facility located just off the Gulf Intracoastal Waterway along the Michoud Slip. Michoud Slip extends northward from the Gulf Intracoastal Waterway between the Inner Harbor Navigation Canal and the Lake Borgne Surge Barrier, east of the Mississippi River.

The terminal offers customers various transfer options for their cargo, including barge to rail, rail to barge, barge to truck and barge to storage. The facility is located along the CSX railroad and can handle unit trains.

“We are excited about the acquisition of this facility,” said Todd Fuller, president of Associated Terminals. “This facility will come with a new client base and will offer unique opportunities to handle cargo for existing clients.”

As part of the acquisition, Larry Arnold, who founded New Orleans Bulk Terminal in 2008 and has served as the terminal’s managing partner, has joined the Associated Terminals team and will continue to manage the facility.

“We are pleased that Larry has joined the Associated family,” Fuller said. “With over 32 years of experience, Larry brings a wealth of knowledge in material handling, terminal design and terminal operations.”

Associated Terminals, founded in 1990, provides high quality, customized cargo handling services, including agricultural commodity exports, in-plant services, midstream operations and terminal port operations, for both import and export commodities. Besides the new facility on the Michoud Canal, Associated Terminals’ locations include the Port of St. Bernard’s Chalmette Slip, Globalplex at the Port of South Louisiana in St. James Parish, the Port Manchac Intermodal Terminal, the Port of Baton Rouge/Port Allen and the Myrtle Grove Midstream Terminal.