"We sincerely welcome the Zimmer team into the Steel Dynamics family," said SDI president and chief executive Mark D. Millett. 

"Combined with our existing metals recycling presence in Mexico, the acquisition of Zimmer expands our commercial presence in the region and strengthens our raw material supply strategy, allowing for cost-effective ferrous scrap procurement for our new Texas flat roll steel mill. Zimmer provides a platform to grow our metals recycling presence in Mexico and represents a meaningful achievement in our raw material sourcing strategy for our Texas flat roll steel mill."

Zimmer owns six scrap facilities in central and northern Mexico, but also operates several third-party scrap processing locations. Although it ships approximately 500,000 gross tons of scrap, it has the capacity to process around 2 million tons annually.