Fort Wayne Indiana US based Steel Dynamics Inc has completed the acquisition of a minority equity interest in New Process Steel LP. New Process Steel is a metals solutions and distribution supply-chain management company headquartered in Houston in Texas, with two manufacturing locations in Mexico and four manufacturing locations in the US. Two of US units are located at Steel Dynamics' Butler and Columbus Flat Roll Steel divisions.New Process Steel was purchased in 1952 by Mr Gene Fant, father of New Process' current Chief Executive Officer Mr Richard Fant. Mr Richard Fant has significantly grown, modernized, and diversified New Process during his over 25-year tenure as CEO. He will independently operate New Process as the majority 55% equity holder, making all business decisions in the normal course of operations, including steel purchasing and customer supply decisions. New Process employs approximately 950 individuals and is currently Steel Dynamics' single largest flat roll steel customer.Steel Dynamics is one of the largest domestic steel producers and metals recyclers in the United States, based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections and steel joists and deck. In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.
Fort Wayne Indiana US based Steel Dynamics Inc has completed the acquisition of a minority equity interest in New Process Steel LP. New Process Steel is a metals solutions and distribution supply-chain management company headquartered in Houston in Texas, with two manufacturing locations in Mexico and four manufacturing locations in the US. Two of US units are located at Steel Dynamics' Butler and Columbus Flat Roll Steel divisions.New Process Steel was purchased in 1952 by Mr Gene Fant, father of New Process' current Chief Executive Officer Mr Richard Fant. Mr Richard Fant has significantly grown, modernized, and diversified New Process during his over 25-year tenure as CEO. He will independently operate New Process as the majority 55% equity holder, making all business decisions in the normal course of operations, including steel purchasing and customer supply decisions. New Process employs approximately 950 individuals and is currently Steel Dynamics' single largest flat roll steel customer.Steel Dynamics is one of the largest domestic steel producers and metals recyclers in the United States, based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections and steel joists and deck. In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.
