Steel Dynamics To Acquire Equity Interest Of ROCA - Quick Facts

(RTTNews) - Steel Dynamics, Inc. (STLD) has entered into a definitive agreement to acquire the equity interest of ROCA ACERO S.A. de C.V. Headquartered in Monterrey, Mexico, ROCA operates a ferrous and nonferrous scrap metals recycling business. 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.

Mark Millett, CEO, said: "Combined with our existing North American metals recycling facilities, the addition of ROCA significantly strengthens our raw material procurement strategy in the region."