WASHINGTON (dpa-AFX) - Steel Dynamics, Inc. (STLD) said on Tuesday that it has inked a deal to acquire the remaining 55% equity interest in New Process Steel, L.P., a Houston-based metals solutions and distribution supply-chain management company.
Mark D. Millett, CEO of Steel Dynamics, said:'This acquisition expands our exposure to value-added manufacturing opportunities, while continuing to serve our other long-standing flat-rolled steel customer needs.'
With 1,275 staff members, New Process has two manufacturing sites in Mexico and four in the U.S.
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