Steel Mills
October 15, 2021
SDI Acquires 45% Minority Interest in New Process Steel
Written by Tim Triplett
Steel Dynamics Inc. (SDI) has agreed to acquire a minority equity interest in New Process Steel – its largest flat roll customer – growing the steelmaker’s holdings in manufacturing and distribution. Terms of the transaction were not disclosed.
“We have enjoyed a strong customer relationship with New Process since our founding,” SDI Chairman and CEO Mark Millett 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.”
