# Befesa to acquire American Zinc Recycling assets for $450M

Befesa S.A. will acquire 100% of American Zinc Recycling's recycling assets for $450 million and invest $10 million for a minority stake in American Zinc Products, forming a joint venture. The deal creates a global leader in recycling steel mill dust.

- Type: Acquisition
- Announced: 2021-06-16
- Where: Rutherford County, North Carolina, United States
- Value: $450.0M
- Status: announced
- Capacity: 1.7 million tons of steel dust recycling capacity across 12 facilities
- Products: recycled steel mill dust, high purity zinc metal
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Befesa](https://endata.com/companies/20973.md) (acquirer)
- [American Zinc Recycling](https://endata.com/companies/27314.md) (target)
- [American Zinc Products](https://endata.com/companies/55890.md) (partner)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20210616005797/en/American-Zinc-Recycling-Announces-Combination-with-European-Based-Leader-in-Hazardous-Waste-Recycling), 2021-06-16: "This transaction brings together the two established leaders in our respective markets to create a global leader in recycling electric arc furnace dust."
- [modernmetals.com](https://www.modernmetals.com/16364-american-zinc-recycling-announces-combination-with-european-based-leader-in-hazardous-waste-recycling.html), 2021-06-30: "American Zinc Recycling LLC, a provider of environmental services to the U.S. steel industry, announced that Luxembourg-based Befesa S.A. will acquire 100 percent of its recycling assets for $450 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.