ArcelorMittal to Acquire Polish Scrap Metal Recycler Zlomex
December 29 2022 - 4:49AM
Dow Jones News
By Pierre Bertrand
ArcelorMittal said Thursday that it has signed an agreement to
acquire Polish scrap metal recycling business Zlomex.
The Luxembourg-based steelmaker said that the transaction is
expected to be closed in the first half of 2023, subject to
regulatory approvals.
Zlomex operates in Krakow and Warsaw and last year processed and
shipped almost 400,000 tonnes of ferrous scrap metal. The Polish
company has also been a long-standing supplier to ArcelorMittal's
Dabrowa Gornicza and Warsaw steel plants.
It is ArcelorMittal's fourth scrap metal acquisition in Europe
in 2022, the company said.
ArcelorMittal didn't disclose financial details and wasn't
immediately available for comment.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
December 29, 2022 04:34 ET (09:34 GMT)
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