Steel Dynamics completes acquisition of remaining 55% of New Process Steel

STEEL DYNAMICS INC

Completed acquisition of remaining 55% equity interest in New Process Steel, a metals solutions and distribution company.
New Process Steel employs approximately 1,275 people and is Steel Dynamics' largest flat roll steel customer.
New Process has four U.S. manufacturing locations (two co-located with Steel Dynamics) and two in Mexico.
Financial terms of the acquisition were not disclosed in the press release.
Richard Fant remains CEO of New Process Steel; company will continue operations.

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