Watco Companies, LLC, is now part of a joint venture with SCH Services, LLC, (SCH), in an agreement the company recently entered to build an inland terminal network in the four rivers area of Illinois-Kentucky capable of handling bulk materials.
Watco’s Cora Terminal, located on the Mississippi River in Rockwood, Ill., along with the SCH’s Calvert City Terminal, on the Tennessee River in Calvert City, Ky., and Four Rivers Terminal, on the Ohio River in West Paducah, Ky., will form the SCH terminal network.
Watco, the former owner and operator of the Cora Terminal, is now the owner of a majority share of the new entity. Officials said the Joint Venture will be managed by SCH’s original owners who have retained a significant ownership position in the two Kentucky Terminals and have purchased a comparable position of ownership in the Cora Terminal.
“This joint venture will feature the diversity and flexibility of the three terminals and offer a variety of solutions to our customers needing transloading, blending, and/or storage for a variety of bulk materials,” said Watco CEO Dan Smith.
Watco said in a statement that the connectivity to all major Class 1 railroads in the area and the rivers will be advantageous in getting its customers’ goods to market in the most cost-effective method while offering significant options.
SCH Chairman John Hunt Sr. said: “Cora Terminal is a world class facility that blends in perfectly with our Kentucky terminals. Our well respected and experienced Management Team can now offer our customers unequaled capacity and flexibility.”