Steel Dynamics acquires Mexican scrap metals recycler
2020-03-03 13:59:55 [Print]
On March 2, US-based Steel Dynamics, Inc. announced that as part of its raw material procurement strategy to support its new Texas flat roll steel mill, the company has entered into a definitive agreement to acquire 100% of the equity interest of Zimmer, S.A. de C.V. to be funded entirely with available cash.
Zimmer is headquartered in Monterrey, Mexico and operates a ferrous and nonferrous scrap metals recycling business. Zimmer's primary operations are comprised of six scrap processing facilities strategically positioned near high-volume industrial scrap sources located throughout Central and Northern Mexico. The company also operates several third-party scrap processing locations. These combined facilities currently ship approximately 500,000 gross tons of scrap annually and have an estimated annual processing capability of approximately 2 million gross tons.
Zimmer is headquartered in Monterrey, Mexico and operates a ferrous and nonferrous scrap metals recycling business. Zimmer's primary operations are comprised of six scrap processing facilities strategically positioned near high-volume industrial scrap sources located throughout Central and Northern Mexico. The company also operates several third-party scrap processing locations. These combined facilities currently ship approximately 500,000 gross tons of scrap annually and have an estimated annual processing capability of approximately 2 million gross tons.
