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Steel Dynamics to Acquire a 45% Minority Interest in New Process Steel

Steel Dynamics to Acquire a 45% Minority Interest in New Process Steel Background Image

Vinson & Elkins advised New Process Steel, L.P., a metals solutions and distribution supply-chain management company headquartered in Houston, Texas, with a focus toward growing its value-added manufacturing applications, in the sale of a 45% minority equity interest to Steel Dynamics, Inc., one of the largest domestic steel producers and metals recyclers in the United States.

The V&E corporate team was led by partner Matt Strock and associate Bobbi Ingram, with assistance from associates Kathy Phan and Michelle Yang. Also advising were partner John Lynch; and partner Prentiss Cutshaw and associate Bryant Buechele.

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For more than 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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