Steel Dynamics Inc (STLD)

[conestoga_days]

Steel Dynamics to acquire steel joist manufacturing operations of Commercial Metals Company Deal In Brief


Sep 28, 2010 (Datamonitor Financial Deals Tracker via COMTEX) -- Steel
Dynamics, Inc. (SDI), a producer of carbon steel products, has agreed to acquire
certain facilities and assets of steel-joist manufacturing operations from
Commercial Metals Company (CMC), a manufacturer of steel and metal products, for
a consideration of $17 million. Both the companies are based in the US.

The acquisition include three joist-manufacturing plants located at Hope,
Arkansas; Fallon, Nevada; and Juarez, Mexico.

These assets will become a part of SDI's wholly-owned subsidiary, New Millennium
Building Systems.

The transaction is expected to be close on or about October 30, 2010.



Deal Value (US$ Million) 17

Deal Type Acquisition

Sub-Category Asset Purchase

Deal Status Announced: 2010-09-27



Deal Participants



Target (Company) Commercial Metals Company - Steel Joist Manufacturing Operations

Acquirer (Company) Steel Dynamics, Inc.

Vendor (Company) Commercial Metals Company



Deal Rationale

The transaction will accelerate New Millennium's expansion to serve construction
markets in the Southwest and the West.




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