Steel Dynamics, Inc. has signed a definitive agreement to acquire the remaining 55pct equity interest in New Process Steel, L.P., the company said in a press release.
Chairman and CEO Mark D. Millett said the deal will broaden the company’s value-added manufacturing exposure while continuing to support its flat rolled steel customers.
Headquartered in Houston, Texas, New Process Steel is a leading North American metal products manufacturer and supply chain solutions provider. It operates four U.S. facilities, including two at Steel Dynamics’ Butler and Columbus Flat Roll Steel divisions, and two in Mexico. The company is also Steel Dynamics’ largest flat rolled steel customer.
Steel Dynamics is one of North America’s largest steel producers and metal recyclers, with operations across the U.S. and Mexico.
