SDI Acquires Mexican Recycling Company
By Metal Center News Staff
on May 16, 2022
Steel Dynamics Inc. will acquire Mexican metals recycling business ROCA ACERO S.A. de C.V. ROCA's primary operations are comprised of four scrap processing facilities, strategically positioned near high-volume industrial scrap sources located throughout Central and Northern Mexico.
The combined facilities currently ship approximately 575,000 gross tons of scrap annually and have an estimated annual processing capability of approximately 850,000 gross tons.
"We look forward to adding ROCA to the Steel Dynamics family to further solidify our Southwest U.S. and Mexico growth strategy," said Mark D. Millett, chairman, president and CEO. "Combined with our existing North American metals recycling facilities, the addition of ROCA significantly strengthens our raw material procurement strategy in the region.”