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Steel Dynamics, Roanoke Electric Steel propose merger
- October 18, 2005
- News Release
- Metals/Materials
Steel Dynamics, Inc. and Roanoke Electric Steel Corp. have announced the execution of a definitive agreement of merger, pursuant to which SDI will acquire Roanoke. Completion of the merger is subject to approval by Roanoke's stockholders, regulatory approval, including antitrust approval, and the satisfaction or waiver of customary conditions.
"This combination further diversifies SDI's product offering, provides additional penetration of the joist, truss and girder markets, and provides SDI with its first foray into the processed raw materials arena," said Keith Busse, SDI's president and CEO. "We plan to invest $50 - $80 million to improve and upgrade Roanoke's facilities after the transaction closes."
More information about the proposed merger can be found here.
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The Fabricator is North America's leading magazine for the metal forming and fabricating industry. The magazine delivers the news, technical articles, and case histories that enable fabricators to do their jobs more efficiently. The Fabricator has served the industry since 1970.
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- Podcast:
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- Published:
- 04/16/2024
- Running Time:
- 63:29
In this episode of The Fabricator Podcast, Caleb Chamberlain, co-founder and CEO of OSH Cut, discusses his company’s...
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