Steel Dynamics snaps up Mexican recycler

Steel Dynamics snaps up Mexican recycler

M&A Equity Mexico US

US steelmaker Steel Dynamics said on Monday that it will fund the planned acquisition of Mexican recycling company Zimmer entirely with cash, but it did not say how much it agreed to spend. Based in Monterrey, Zimmer recycles ferrous and nonferrous scrap metals at six facilities in Central and Northern Mexico. It also operates third-party scrap processing plants in the country. In all, the company ships roughly 500,000 gross tons of scrap per year and can process up to 2 million gross tons per y

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