American Zinc Recycling’s Combination with Hazardous Waste Recycling

Akin Gump Strauss Hauer & Feld LLP advised American Zinc Recycling LLC on the deal.

American Zinc Recycling LLC (AZR), a leading 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.

The deal, which is expected to close in the third quarter of 2021, subject to regulatory approvals and other customary closing conditions, will create a global leader in hazardous waste recycling services. The combined company will include all employees in AZR’s recycling business, and will operate under the Befesa name.

The Akin Gump team advising AZR was led by corporate partner Iain Wood (Picture). He was joined by partner Nicholas Houpt, counsel Evan Goodman and William Pelak and associate Bryan Pistorius.

Involved fees earner: Evan Goodman – Akin Gump Strauss Hauer & Feld LLP; Nicholas Houpt – Akin Gump Strauss Hauer & Feld LLP; William Pelak – Akin Gump Strauss Hauer & Feld LLP; Iain Wood – Akin Gump Strauss Hauer & Feld LLP;

Law Firms: Akin Gump Strauss Hauer & Feld LLP;

Clients: American Zinc Recycling LLC;

Author: Martina Bellini