Steel News


SDI to Acquire Minority Interest in New Process Steel

10/18/2021 - Steel Dynamics Inc. (SDI) announced in a press release that it has entered into an agreement to acquire a 45% minority interest in Houston, Texas, USA-based metals solutions provider New Process Steel L.P.

"We have enjoyed a strong customer relationship with New Process since our founding," Mark D. Millett, SDI’s chairman and chief executive, said.
 
"This minority equity interest enables us to grow our exposure to value-added manufacturing opportunities, while continuing to serve our other long-standing flat-roll steel customer needs. New Process Steel has a reputation for high-quality standards and strong customer relationships."
 
Read the full press release here.