Befesa, a waste recycling services company, agreed to acquire American Zinc Recycling, a manufacturer of zinc goods, for $450m. “This transaction brings together the two established leaders in our respective markets to create a global leader in recycling electric arc furnace dust. We’ve been working with the Befesa management cooperatively and productively and I’m confident this transaction is a huge win for our shareholders, employees and our customers," Joel Hawthorne, AZR CEO.