BGL Announces the Sale of ROCA ACERO S.A. de C.V.
CHICAGO, May 26, 2022 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of ROCA ACERO S.A. de C.V. (ROCA), a ferrous and nonferrous scrap metals recycling business, to Steel Dynamics, Inc. (NASDAQ:STLD). As previously disclosed by Steel Dynamics, the company will acquire the equity interest of ROCA, to be funded with available cash. The transaction is subject to customary closing conditions and receipt of required regulatory approvals. BGL's Metals & Metals Processing investment banking team, together with its Mexican Global M&A partner, RIóN Mergers & Acquisitions, served as financial advisor to ROCA in the transaction.
