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Steel Dynamics to Buy Vulcan Threaded Products

Wednesday, 06 July 2016 19:14:32 (GMT+3)   |  
       

Steel Dynamics, Inc. has signed a deal to fully acquire Alabama-based Vulcan Threaded Products, Inc. for $126 million in cash, inclusive of $42 million in working capital.  Regulatory approvals are expected to allow the deal to complete by August 2016.

Vulcan is the nation's biggest manufacturer and supplier of threaded rod products; the company also makes cold drawn and heat treated bar.

During 2015, as part of its target growth objectives, Steel Dynamics identified the need of higher-margin downstream business opportunities that utilize its steel products in their manufacturing processes.  Vulcan fits Steel Dynamics’ acquisition model as a consumer of special-bar-quality products, currently produced at its Engineered Bar Products Division.