BGL Pronounces the Sale of ROCA

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CHICAGO, Might 26, 2022 /PRNewswire/ — Brown Gibbons Lang & Firm (BGL) is happy to announce the sale of ROCA ACERO S.A. de C.V. (ROCA), a ferrous and nonferrous scrap metals recycling enterprise, to Metal Dynamics, Inc. (NASDAQ: STLD). As beforehand disclosed by Metal Dynamics, the corporate will purchase the fairness curiosity of ROCA, to be funded with out there money. The transaction is topic to customary closing situations and receipt of required regulatory approvals. BGL’s Metals & Metals Processing funding banking group, along with its Mexican World M&A associate, RIóN Mergers & Acquisitions, served as monetary advisor to ROCA within the transaction.

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BGL’s Metals group, along with World M&A associate, RIóN Mergers & Acquisitions, suggested ROCA within the transaction.

ROCA is headquartered in Monterrey, Mexico, with major operations comprising 4 scrap processing services, strategically positioned close to high-volume industrial scrap sources positioned all through Central and Northern Mexico. These mixed services presently ship roughly 575,000 gross tons of scrap yearly and have an estimated annual processing functionality of roughly 850,000 gross tons.

Metal Dynamics is among the largest home metal producers and metals recyclers in the US primarily based on estimated annual steelmaking and metals recycling functionality, with services positioned all through the United States, and in Mexico. Metal Dynamics produces metal merchandise, together with scorching roll, chilly roll, and coated sheet metal, structural metal beams and shapes, rail, engineered special-bar-quality metal, chilly completed metal, service provider bar merchandise, specialty metal sections and metal joists and deck. As well as, the corporate produces liquid pig iron and processes and sells ferrous and nonferrous scrap.

This transaction will allow Metal Dynamics to additional solidify its Southwest U.S. and Mexico progress technique, which incorporates strengthening the corporate’s uncooked materials procurement technique within the area and offering an much more significant aggressive benefit to its U.S. electric-arc-furnace metal operations.

About Brown Gibbons Lang & Firm

Brown Gibbons Lang & Firm (BGL) is a number one unbiased funding financial institution and monetary advisory agency centered on the worldwide center market. The agency advises non-public and public companies and personal fairness teams on mergers and acquisitions, capital markets, monetary restructurings, enterprise valuations and opinions, and different strategic issues. BGL has funding banking places of work in Chicago, Cleveland, and Philadelphia, and actual property places of work in Chicago, Cleveland, Los Angeles, and San Antonio. The agency can be a founding member of World M&A Companions, enabling BGL to service purchasers in additional than 30 international locations around the globe. Securities transactions are performed by way of Brown, Gibbons, Lang & Firm Securities, LLC, an affiliate of Brown Gibbons Lang & Firm LLC and a registered broker-dealer and member of FINRA and SIPC. For extra data, please go to www.bglco.com.

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SOURCE Brown Gibbons Lang & Firm

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