TITLE

Steel Dynamics to Acquire The Techs

PUB. DATE
July 2007
SOURCE
Metal Center News;Jul2007, Vol. 47 Issue 8, p38
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of Steel Dynamics Inc. (SDI) to acquire The Techs, a flat-rolled-steel galvanizing company in the U.S. Mark Millet, president for Flat Rolled Steels and Ferrous Resources said that the acquisition will double the hot-dip galvanizing capacity of SDI. He added that this additional business complements their three existing galvanizing lines at Butler and Jeffersonville, Indiana.
ACCESSION #
25938289

 

Related Articles

  • Steel Dynamics Acquires The Techs.  // Finishing Today;Aug2007, Vol. 83 Issue 8, p11 

    The article focuses on the acquisition of The Techs by Steel Dynamics Inc. It could be noted that The Techs consists of three facilities including GalvTech, MetalTech and NexTech. It specializes in non-automotive applications, serving various customers in the heating, ventilation and air...

  • SDI MAY RESTART GALVPRO BY MIDYEAR.  // Metal Producing & Processing;Jan/Feb2003, Vol. 41 Issue 1, p10 

    Reports on the Steel Dynamics Inc.'s (SDI) agreement to acquire the GalvPro II LLC, a hot-strip galvanizing business. Plans of the SDI for the GalvPro; Comments of Keith Busse, president of the SDI, on benefits of the acquisition to the company; Company history of the GalvPro.

  • OmniSource Acquisition Moves SDI Forward in Backward Integration.  // Metal Center News;Oct2007, Vol. 47 Issue 11, p50 

    The article reports on the move of Steel Dynamics Inc. to acquire OmniSource Corp. in 50-50 stock and cash transaction valued at about $1.6 billion in Fort Wayne, Indiana. Accordingly, the terms of the deal will call for OmniSource shareholders to receive 9.7 million shares of Steel Dynamics...

  • OmniSource in +$1-Billion Takeover by Mini-mill Steel Dynamics Inc.  // Foundry Management & Technology;Nov2007, Vol. 135 Issue 11, p5 

    The article reports on the takeover of Steel Dynamics Inc. (SDI), a scrap-based steelmaker company, to OmniSource Corp., a ferrous and nonferrous scrap-processing chain in Fort Wayne, Indiana. SDI's CEO Keith Busse said that such acquisition forms an important platform for SDI's strategic...

  • STEEL DYNAMICS PAYING +S1 B FOR OMNISOURCE.  // Metal Producing & Processing;Nov2007, Vol. 45 Issue 6, p9 

    The article reports on the acquisition of OmniSource Corp., a ferrous and nonferrous scrap processing chain by steelmaker Steel Dynamics Inc. (SDI) in Fort Wayne, Indiana. It relates that the acquisition was completed after SDI agreed to pay OmniSource Corp. with more than $1 billion. SDI...

  • A DYNAMIC STRATEGY. Busse, Keith // Manufacturing Today;Summer2008, Vol. 8 Issue 4, p24 

    The article features carbon steel producer Steel Dynamics Inc. (SDI) from the U.S. According to the company, it is among the most profitable U.S. steel companies in terms of profit margins and operating profit per ton and has achieved this success after only 15 years in operation. The company's...

  • Big American Steelmaker Reinforces To Grow. KEVIN DOBBS // Investors Business Daily;8/29/2014, pA09 

    Steel Dynamics is on a roll, thanks to renewed demand for steel and its plan for a transformational acquisition that would expand its presence in the southern U.S., bolster its production capacity and broaden its exposure to growth industries.

  • Smoothing the Cost Curve. Marino, Jonathan // Mergers & Acquisitions Report;4/26/2010, Vol. 23 Issue 17, p20 

    The article reports that steel companies are now managing raw material and commodity costs in order to lessen the impact of the volatility of commodity prices. The first company to do so was Steel Dynamics which acquired scrap metal processor and distributor OmniSource. Russian steel maker MMK...

  • Steel Dynamics Acquires Another Scrap Company.  // Metal Center News;Jun2008, Vol. 48 Issue 7, p85 

    The article reports on the acquisition of scrap company Recycle South LLC by OminSource Corp., a subsidiary of Steel Dynamics Inc. (SDI), in the U.S. The deal, which costs approximately $500 million, expands SDI's recycled metals business platform and reflects the firm's commitment to continue...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics