Befesa to acquire American Zinc Recycling assets for US$ 450 million
2021-07-19 09:33:04 [Print]
Luxembourg-based Befesa is acquiring all of American Zinc Recycling assets for US$ 450 million in a deal expected to boost Befesa's total steel dust recycling capacity by 40%.
American Zinc Recycling, headquartered in Pittsburgh, has become a leader in hazardous waste recycling in the US steel industry. The company currently handles around 560,000 tonnes of electric arc furnace (EAF) dust annually.
With the acquisition of American Zinc Recycling, Befesa will be able to process 1.7 million tonnes of residues from EAF mills at 12 plants in Europe, Asia and the US. The transaction is expected to be completed in the third quarter of this year.
American Zinc Recycling, headquartered in Pittsburgh, has become a leader in hazardous waste recycling in the US steel industry. The company currently handles around 560,000 tonnes of electric arc furnace (EAF) dust annually.
With the acquisition of American Zinc Recycling, Befesa will be able to process 1.7 million tonnes of residues from EAF mills at 12 plants in Europe, Asia and the US. The transaction is expected to be completed in the third quarter of this year.
