Akin Gump Advises American Zinc Recycling in Combination with European-Based Leader in Hazardous Waste Recycling

(Washington, D.C.) - American Zinc Recycling LLC (AZR), a leading provider of environmental services to the U.S. steel industry, today announced that Luxembourg-based Befesa S.A. will acquire 100 percent of its recycling assets for $450 million. A team from Akin Gump advised AZR in the transaction.

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.

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

Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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