Steel Dynamics, Inc. has announced its entry into a definitive agreement to acquire the remaining 55% equity interest in New Process Steel, L.P.
New Process Steel is a metals solutions and distribution supply-chain management company headquartered in Houston, Texas, with a focus toward growing its value-added manufacturing applications. It has two manufacturing locations in Mexico and four in the U.S. It now has around 1,300 employees and will be Steel Dynamics’ largest flat roll steel customer.
Steel Dynamics is an industrial metals solutions company, with facilities located throughout the United States and in Mexico. The company operates using a circular manufacturing model, producing lower-carbon-emission, quality products with recycled scrap as the primary input. Steel Dynamics is one of the largest domestic steel producers and metal recyclers in North America, combined with a meaningful downstream steel fabrication platform.
Courtesy of Steel Dynamics.