DICKSON, Tenn.—Zinc Oxide L.L.C. has acquired Zochem Inc., a subsidiary of American Zinc Recycling Corp. L.L.C., in a deal that is projected to create the largest supplier of zinc oxide in North America.
Zinc Oxide said in a news release that the combined companies will generate about $250 million in 2017 sales with a capacity of 95,000 metric tons. The pair are approved suppliers of about 88 percent of the total North American zinc oxide market volume, Zinc Oxide said in a Sept. 29 news release.
The firm added that Zochem's extensive domestic and global distribution network also will remain in place. Financial details were not disclosed.
"The combination of Zinc Oxide and Zochem has been a long-term goal of our ownership and management," Zinc Oxide CEO Russ Robinson said in a statement. "Our team has long admired Zochem for its market breadth, operations and management capabilities."
Ed Smith, senior vice president of sales and marketing, added in a statement that the acquisition will allow customers to benefit from reduced shipping costs and transit times.