NORFOLK, Va. (May 9)—RCMA Commodities Asia (Pte.) Ltd. has bought out Norfolk-based rubber trader Fenley Trading Inc. to form RCMA Americas Inc., its new U.S. trading and distribution arm. With this acquisition, according to the principals in the new subsidiary, RCMA—a joint venture between Tong Teik (Pte.) Ltd. of Singapore and L. Wurfbain & Co. B.V. (The Netherlands)—becomes the largest rubber trading company in the world. Dennis Fenley, former president of Fenley Trading, remains with the new firm as senior vice president and chief operating officer, with his wife Donna Oja Fenley as vice president. Jean Pierre de Failly, formerly with Lewis & Peat Inc., is CEO of the new firm, and another ex-Lewis & Peat executive, Whitney Luckett, has become RCMA´s vice president of sales and marketing. Mel Binger, former director of Goodyear Rubber Plantations Inc., also is joining the firm.
Rubber trader RCMA establishes U.S. subsidiary
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