NEW YORK — Fulton Fish Market Cooperative, the largest fish market in the United States for more than 200 years, announced today that it has partnered with First Down Materials for a transformative barging agreement – a strategic collaboration set to re define the operational dynamics and interaction with the Market community . This partnership, valued at more than $75 million, symbolizes a significant milestone in the Fulton Fish Market Cooperatives legacy, by rekindling its historic essence and re-establishing a presence on the waterfront.
The Fulton Fish Market Cooperative has faced challenges in maintaining its historic identity following its move to the South Bronx from Manhattan and sees this partnership as an important step forward toward reviving its maritime roots. This partnership not only aligns with Mayor Adams, NYCEDC and DOT’s Blue Highway initiative, which aims to revitalize New York City’s waterways for commercial use, but also promises to revitalize access and logistical efficiency of the Hunts Point market.
First Down Materials, the fish market’s partner in this critical venture, brings to the table a deep understanding and respect for the rich history and cultural fabric of the South Bronx, largely due to the long-standing involvement of family of its CEOs as one of the largest businesses in the area since the late 70’s. The company’s expertise and legacy, particularly demonstrated through their work with Con Agg Recycling and its subsequent move to sell the home of The Bronx Logistic Center, positions them as ideal partners for this ambitious project.
Paul Granito, CEO of First Down Materials, reflected on the deeper significance of the partnership, saying, “This partnership is a testament to the legacy of my father, Jim, and his esteemed partners who have contribute to the development of the south Bronx. When they arrived, it was literally on fire and today the Bronx is a beacon of hope. It is an honor to extend this legacy through our partnership with the Fulton Fish Market, which further enriches the culture and economy of the South Bronx. We are committed to using this opportunity to promote community projects that promote education, prison reform, local hiring, and economic development through green initiatives. We also look forward to expanding to the NYC waterfront in partnership with the Fulton Fish Market Cooperative.
Nicole Ackerina, CEO of Fulton Fish Market Cooperative expressed her enthusiasm: “Partnering with an organization that deeply understands the rich history and culture of the South Bronx is incredibly exciting. This partnership reaffirms Fulton Fish Market Cooperative’s dedication to adapting to changing times while preserving our historic heritage. It opens doors to future opportunities and growth that were previously unimaginable. Our market has had access to a thriving waterfront for 185 years of our existence, and we hope this will be the way to return to our roots and to create a more sustainable future for both the market and NYC green economy. The goals of our partnership are fully aligned with the City’s Blue Highway initiatives and will allow us to begin reducing the carbon impact of Hunts Point’s heavy industrial distribution logistics, NOW.”
This partnership was envisioned as more than a business venture; it is a commitment to sustainable development, community upliftment, and environmental protection. By using waterways as a viable transportation alternative, Fulton Fish Market Cooperative and First Down Materials are setting new standards for sustainable commerce and community-centered development in New York City. The Fulton Fish Market Cooperative eagerly anticipates the fruits of this collaboration, poised to enhance its operational capabilities and strengthen its connection to its historical roots, thereby ensuring a vibrant future for itself. and the communities it serves.
**About Fulton Fish Market**
Founded in 1822, the Fulton Fish Market in New York City stands as one of the oldest and most important fish markets in the United States, offering a wide selection of seafood to restaurants, retailers and consumers.
**About First Down Materials**
With its roots deeply embedded in the South Bronx, First Down Materials specializes in barging and material handling solutions. Backed by the Granito family and their private equity partners, First Down Materials is committed to sustainable practices and improving community life.
