Seale Advised Zinc Nacional on the Divestiture of its Korean-based Zinc Recycling Business
Seale & Associates announced that it acted as exclusive financial advisor to Zinc Nacional, S.A., a global leading zinc recycling and zinc compounds company, on the divestiture of Global Steel Dust Korea, its South Korean zinc recycling business to Zinc Oxide Corporation, subsidiary of Korea Zinc (KOSE: A010130), a publicly traded global leading company engaged in the manufacture and distribution of non-ferrous metals.
The transaction will strengthen Global Steel Dust Korea's business prospects and flexibility to serve the Korean market under the leadership of Korea Zinc. Closing is subject to customary closing conditions for these types of transactions.
"By utilizing secondary raw materials, Korea Zinc is committed to taking the lead in a sustainable future and making a greater, greener impact on the environment."Stated Yun Choi, vice chairman of Korea Zinc.
"Seale & Associates has once again proven to be a trusted and reliable advisor to Zinc Nacional for overseas transactions. The team's dedication and cross-cultural capabilities were fundamental to reach a successful agreement." Stated Patricio Madero, Strategy & New Business Development Manager of Grupo Promax.
"We are pleased to have had the opportunity to work with Zinc Nacional on another successful international transaction. We are proud of our strong relationship and look forward to advising them on future transactions across the globe." Stated Sergio Garcia del Bosque, Managing Director of Seale & Associates.
About Zinc Nacional
Zinc Nacional is a fourth-generation family-owned business based in Monterrey, Mexico, with over 70 years of experience in zinc recycling and value-added zinc compounds production. Zinc Nacional has zinc recycling plants in Mexico, Turkey, Germany and the United States. Zinc Nacional is a subsidiary of Grupo PROMAX (www.gpromax.com), a Mexico-based group specialized in building products and zinc products. For more information, visit www.zincnacional.com.
About Grupo PROMAX
Grupo PROMAX is a Mexican, private, diversified business group primarily engaged in the production and marketing of construction gypsum, gypsum board, construction materials, as well as zinc compounds, and recycled paperboard. The company has more than 2,800 employees, 16 production plants, and a presence in more than 25 countries, which makes it the largest manufacturer of construction gypsum and industrial gypsum in Mexico, the largest manufacturer of zinc oxide and zinc sulfate in Latin America, and the largest manufacturer of gypsum board in Latin America. For more information, visit www.gpromax.com.
About Zinc Oxide Corporation
Zinc Oxide Corporation is a zinc recycling company based out of Gyeongsanbuk-do, Republic of Korea. Zinc Oxide Corporation has recycling plants in the Republic of Korea and Vietnam. The Company is a subsidiary of Korea Zinc (KOSE: A010130), a Korea-based group specialized in non-ferrous metals.
About Korea Zinc (KOSE: A010130)
Korea Zinc Co., Ltd. is a Korea-based non-ferrous metal smelting company principally engaged in the manufacture and marketing of non-ferrous metal products and one of the leading producers of Zinc in the world. The company had annual sales of US$7.7 billion and an annual EBITDA of US$1.07 billion in 2021. For more information, visit www.koreazinc.com.
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, visit www.sealeassociates.com.
