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Freepoint Completes Deal With JP Morgan

STAMFORD, Conn. (AP) â¿¿ Freepoint Commodities LLC, a Connecticut-based commodity trading company, said Friday that it has completed its acquisition of J.P. Morgan Metals Concentrates LLC, a merchant of base metal concentrates and copper cathodes.

Terms of the deal were not disclosed.

The transaction was completed on June 1 and the business now operates as Freepoint Metals & Concentrates LLC. Freeport said that the deal is part of its vision to build its business around experienced professionals with physical commodity merchant expertise.

Freepoint, based in Stamford, Conn., was founded in 2011 by former Sempra Energy Trading executives. It also has offices in Denver, Houston, Louisville, Ky., Boise, Idaho; London, Toronto, and Zug, Switzerland.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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