Manfra, Tordella & Brookes Extends Service Offering with Major Expansion of its New York Depository Business and Global Distribution Center
New York – March 1st, 2021 – Manfra, Tordella & Brookes (MTB), part of the MKS PAMP GROUP and one of the most trusted names in precious metals, announced today the expansion of its Depository Business and Distribution capabilities. MTB has completed the strategic acquisition of a leading North American financial institution’s COMEX (CME) approved depository and logistics center. The acquisition, including the world class 15,000 square foot secure facility and depository staff, accelerates the growth and diversification of MTB’s global precious metals business.
The acquisition will significantly increase MTB’s supply chain capabilities by offering enhanced depository and fulfillment services to COMEX warrant holders, financial institutions, industrial, and bullion clients. The proximity to major international and domestic logistics hubs, additional vaulting capacity, and experienced staff enables a world class service experience for new and existing customers alike.
“The capabilities of this facility and additional staff, combined with the strength of our existing team solidifies our targeted expansion of our gold, silver and PGM depository business and optimization of our fulfillment operations”, commented Chris Carkner, Chief Executive Officer, MTB.
Marwan Shakarchi, Chief Executive Officer, MKS (Switzerland) concluded, “MTB’s Depository expansion compliments MKS PAMP GROUP’s existing capabilities delivering unparalleled options for our valuable customers and the broader precious metals market. We look forward to integrating the new facility and team into our global operations.”
For further information, please contact:
Alix Lambert / e: email@example.com / t:+41 22 818 52 50
Established in 1957 and part of the MKS PAMP GROUP, Manfra, Tordella & Brookes, (MTB), is a global leader in the precious metals industry servicing the investment, industrial and collectibles market and providing supporting financing, fulfillment, and depository services. MTB is based in New York City and services a broad range of customers in North America, Europe, and Asia. MTB also operates an approved COMEX/CME Depository in New York and is proud to be an Authorized Purchaser and Distributor of Bullion Products for the US Mint, Royal Canadian Mint, Royal Mint, Austrian Mint, and Rand Refinery. MTB also manages the North American Recycled Refining business on behalf of the MKS PAMP Group. MTB’s leading market position is anchored by its unparalleled commitment to its customers and suppliers, and by leveraging the broader assets of the MKS PAMP Group including PAMP SA (Switzerland), a world-class LBMA approved refinery and minting operation, Precious Metals Trading (Geneva) and a global network of regional MKS offices.
About MKS PAMP GROUP
The MKS PAMP GROUP is an industrial and trading services group specializing in all aspects of the precious metals business. This family company was established over 60 years ago and is now an innovative global business serving precious metals producers, users and traders worldwide.
This leading integrated precious metal group comprises five major brands: MKS, PAMP, MMTC-PAMP, MTB and GOLDAVENUE, employing over 700 people. The group has a local presence in key precious metal markets, through 2 refineries and mints and 15 offices.
The group also prides itself on its excellence in corporate and social responsibility, its leading role in developing an ethical and transparent value chain and constant innovation in its products and services.