BRIEF: Horsehead Holdings acquires zinc producer
Nov 19, 2012 (Menafn - The Pittsburgh Tribune-Review - McClatchy-Tribune Information Services via COMTEX) --Horsehead Holding Corp., a Crafton-based zinc producer, said it has acquired Mitsui Zinc Powders LLC, a manufacturer of zinc powders for the alkaline battery industry.
Mitsui, which has 15 employees, manufactures zinc powders on the site of Horsehead's zinc smelter in Monaca. Mitsui, which has been renamed Horsehead Zinc Powders LLC, had sales of 25 million in 2011.
The acquisition price was not disclosed. Horsehead said the deal would add to cash flow in the first year.
Horsehead, which will move its operations to a new manufacturing facility in North Carolina next year, said it also may move the zinc powders business there.
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