Steel Dynamics to acquire remaining 55% of New Process Steel

STEEL DYNAMICS INC

Steel Dynamics will acquire the 55% it does not already own; New Process is its largest flat roll steel customer.
New Process employs ~1,275 people with manufacturing locations in Mexico (2) and the U.S. (4).
CEO Mark Millett cites expanded exposure to value-added manufacturing; New Process CEO Richard Fant supports the deal.
Transaction subject to customary closing conditions and receipt of regulatory approvals.

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