Steel Dynamics, Inc. announced the acquisition of the remaining 55% equity interest in New Process Steel, L.P.
New Process Steel is a metals solutions and distribution supply-chain management company focusing on value-added manufacturing applications.
The acquisition aims to expand exposure to value-added manufacturing opportunities and strengthen customer relationships.
Acquisition Deal
Steel Dynamics acquiring 55% equity interest in New Process Steel, L.P.
Value-Added Growth
Focus on growing value-added manufacturing applications and serving flat rolled steel customer needs.
High-Quality Standards
New Process known for high-quality standards and strong customer relationships.
Strategic Expansion
Opportunities for value-added manufacturing growth and strategic supply-chain strategy.
- New Process Steel is a prominent North American metal products manufacturer and solutions provider with multiple manufacturing locations in the U.S. and Mexico.
- The acquisition enhances Steel Dynamics' position in the flat roll steel market and strengthens its circular manufacturing model.
- With a strong customer base and a focus on quality, the strategic acquisition is expected to drive growth and diversification.
The acquisition of New Process Steel represents a strategic move by Steel Dynamics to expand its footprint in the metal products market and enhance its value-added manufacturing capabilities. This investment aligns with Steel Dynamics' commitment to sustainable and diversified product offerings.