Seale Advised Zinc Nacional on the acquisition Acquisition of the Zinc Recycling Business of HMG
Seale & Associates advised Jean Goldschmidt International S.A. (“JGI”) and Zinc Nacional S.A. (“ZN”) on the acquisition of the Zinc Recycling Business (“ZRB”) of Harz-Metall GmbH (“HMG”) located next to the historic town of Goslar in Lower Saxony.
HMG is a leading specialist in resource-friendly recycling of lead and zinc. ZRB is a business unit of HMG, a German company that recycles electric-arc furnace dust provided by the steel industry in Europe. As a result of this recycling process, ZRB produces waelz oxides that are distributed to leading refineries in Europe.
HMG was part of the German Recylex group and applied for protective shield proceedings on 14 May 2020. On 1 August 2020, insolvency proceedings have been opened as debtor-in-possession-proceedings (Eigenverwaltungsverfahren).
JGI and ZN have conducted business for more than 10 years. For purposes of this acquisition, JGI and ZN established Harz Oxid GmbH (“HZO”), a joint venture where each company holds equal ownership interests. HZO will respect and protect the rich heritage of ZRB in the region. HZO understands the deep connections that ZRB has in Germany and with its supplier-customer base, and as such, it will continue to invest in the business to ensure high-quality product offerings and be an environmental custodian in the region.
About JGI SA
JGI SA is a company specialized in the trading of non-ferrous metals bearing materials and owns the company HYDROMETAL SA, specialized in the recycling of non-ferrous metals from complex materials. JGI is a subsidiary of Silox SA, a Belgium-based group specializing in inorganic chemistry. The group manufactures and markets mostly sulphur and non-ferrous metal derivatives, with a focus on zinc. For more information, please visit www.jgi-hydrometal.be and www.silox.com
About Zinc Nacional
Zinc Nacional ("ZN") is a fourth-generation family-owned business based in Monterrey, Mexico, with over 60 years of experience in zinc recycling and value-added zinc compound production. ZN has zinc recycling plants in Mexico, South Korea, Turkey, and the United States. ZN is a subsidiary of Grupo Promax, a Mexico-based group that specializes in building products and zinc products. For more information, please visit www.zincnacional.com and www.gpromax.com.
About Linklaters & Hogan Lovells
Linklaters (www.linklaters.com) and Hogan Lovells (www.hoganlovells.com) acted as legal advisors for JGI and ZN, respectively.
About Seale & Associates
Seale & Associates Inc. is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. For more information, please visit www.sealeassociates.com.