Zesiger Capital Raises Stake in Horsehead Holding to 5.4% Worth $26.4M - cbl

Posted February 3, 2012

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By Bill Murphy

NEW YORK -- Zesiger Capital Group LLC has raised its stake in Horsehead Holding Corp. (Nasdaq: ZINC) to 5.40 percent worth $26.44 million, according to an SEC filing.

The New York money manager said it owned 2.34 million shares in the Pittsburgh, Pa.-based producer of specialty zinc. The stake's value is based on the stock's closing price of $11.30 per share on Feb. 2.

Last September, Zesiger owned 2.16 million shares in Horsehead, representing a 4.96 percent stake worth $16.07 million.

Horsehead Holding Corp. is the parent company of Horsehead Corp., which produces specialty zinc and zinc-based products, and The International Metals Reclamation Company, a recycler of metals-bearing wastes and processor of nickel-cadmium batteries.

Founded by managing director Albert Leroy Zesiger in 1995, Zesiger Capital Group is an employee-owned investment manager. Previously, Zesiger was at BEA Associates Inc., which he sold to Credit Suisse Asset Management.

Form 13G filing: http://tinyurl.com/77gdnhp

Also, at citybizlist see:

Horsehead Corporation Announces $60M Credit Facility

SEC filing: Horsehead Holding Prices $80M Note Offering

Zesiger Holds 8.2% Stake in Gerber Scientific - cbl

Horsehead Holding Corp.

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Zesiger Capital Group LLC