Aterian Investment Partners LLC said Jan. 7 that it acquired U.S. Zinc Corp. from Votorantim SA.
Votorantim's Houston, Texas-headquartered unit is a top producer of zinc oxide, zinc dust and Prime Western grade zinc metal products for the tire, chemical, coatings and agriculture markets.
Tracy Baugh, CEO of U.S. Zinc, said the transaction will provide the company with an opportunity for further investments. "By operating as a stand-alone we will be well positioned to capitalize on a wide range of new growth opportunities," Baugh noted.
The companies did not disclose terms of the transaction.
Moelis & Co. and Proskauer Rose advised Votorantim, while Kirkland & Ellis LLP represented Aterian.