Steel Dynamics Acquires 55% of New Process Steel
Slice of Manufacturing Team
12/02/2025
Key highlights
- Acquisition enhances value-added manufacturing
- New Process Steel is a key supplier to Steel Dynamics
- Headquartered in Houston, Texas with multiple locations
- Led by CEO Richard Fant for over 25 years
- Expansion aligns with Steel Dynamics’ growth strategy
Source: PR Newswire
Notable Quote
“ The acquisition of New Process expands our exposure to value-added manufacturing opportunities, while continuing to serve our other long-standing flat rolled steel customer needs. ”
Mark D. Millett, Chairman and CEO at Steel Dynamics
Why this matters
This acquisition marks a significant step for Steel Dynamics, as it enhances their operational capabilities in the value-added manufacturing sector and strengthens existing customer relationships, positioning the company for future growth in a competitive market. This development is particularly significant for the manufacturing sector.
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