M&A Deal Summary

Steel Dynamics Acquires OmniSource

On October 1, 2007, Steel Dynamics acquired environmental company OmniSource for 1.1B USD

Acquisition Highlights
  • This is Steel Dynamics’ 1st transaction in the Environmental sector.
  • This is Steel Dynamics’ 2nd largest (disclosed) transaction.
  • This is Steel Dynamics’ 3rd transaction in the United States.
  • This is Steel Dynamics’ 1st transaction in Indiana.

M&A Deal Summary
Date 2007-10-01
Target OmniSource
Sector Environmental
Buyer(s) Steel Dynamics
Deal Type Add-on Acquisition
Deal Value 1.1B USD
Advisor(s) Eastman & Smith (Legal)

Target

OmniSource

Fort Wayne, Indiana, United States
website
OmniSource Corporation is one of North America’s metal recycling companies. OmniSource Corporation, a privately owned ferrous and non-ferrous scrap processing and trading company.

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Buyer(S) 1

Buyer

Steel Dynamics

Fort Wayne, Indiana, United States

website

Category Company
Founded 1993
Sector Metals/Mining
Employees9,625
Revenue 9.6B USD (2020)
DESCRIPTION

Steel Dynamics is a US-based steel producer and metal recycler. The Company's primary source of revenues are from the manufacture and sale of steel products, processing and sale of recycled ferrous and nonferrous metals, and fabrication and sale of steel joists and deck products. Steel Dynamics was founded in 1993 and is based in Fort Wayne, Indiana.

DEAL STATS #
Overall 3 of 10
Sector (Environmental) 1 of 2
Type (Add-on Acquisition) 3 of 7
State (Indiana) 1 of 1
Country (United States) 3 of 8
Year (2007) 2 of 2
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-13 The Techs Industries

Pittsburgh, Pennsylvania, United States

The Techs is a Pennsylvania-based flat-rolled-steel galvanizing company. The business includes three hot-dip galvanizing facilities in the Pittsburgh, PA, area.

Buy $360M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-21 Severstal Columbus

Columbus, Mississippi, United States

Columbus is a North American mini-mill with an estimated annual hot roll production capacity of 3.4 million tons. Columbus produces a broad range of high-quality hot-rolled, cold-rolled and galvanized sheet products for customers primarily in the distributor, construction, automotive and pipe and tube markets. Columbus is strategically located in Mississippi to serve the high-growth markets in the Southern U.S. and Mexico.

Buy $1.6B
Mergr

Product

Company

Legal