Market Segment
December 1, 2025
SDI finalizes buy of remaining 55% stake in New Process Steel
Written by Kristen DiLandro
Steel Dynamics Inc. (SDI) said on Monday it has completed the acquisition of the remaining 55% equity interest stake in New Process Steel.
The Fort Wayne, Ind.-based steelmaker announced the deal back in August. The completion of the original 45% acquisition was in 2022.
Mark D. Millett, chairman and CEO of SDI, said the company has expanded its exposure to value-added manufacturing opportunities by acquiring its New Process stake.
“New Process has a reputation for high-quality standards and strong customer relationships. With this next step, we believe New Process will continue to have value-added manufacturing growth opportunities. We welcome the New Process teams to the Steel Dynamics family,” he said in a statement.
Currently SDI’s largest flat rolled customer, New Process is headquartered in Houston. It has locations at Steel Dynamics’ Butler, Ind., and Columbus, Miss., facilities. In addition, the North American metal products manufacturer has two locations in Mexico.
Closing details of the transaction are currently unavailable.
