M&A Deal Summary

Steel Dynamics Acquires Severstal Columbus

On July 21, 2014, Steel Dynamics, Inc. acquired metals/mining company Severstal Columbus, LLC from PAO Severstal for 1.6B USD

Acquisition Highlights
  • This is Steel Dynamics’ 3rd transaction in the Metals/Mining sector.
  • This is Steel Dynamics’ 1st largest (disclosed) transaction.
  • This is Steel Dynamics’ 4th transaction in the United States.
  • This is Steel Dynamics’ 1st transaction in Mississippi.

M&A Deal Summary

Date 2014-07-21
Target Severstal Columbus, LLC
Sector Metals/Mining
Buyer(s) Steel Dynamics, Inc.
Sellers(s) PAO Severstal
Deal Type Divestiture
Deal Value 1.6B USD

Target

Severstal Columbus, LLC

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.

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Buyer(S) 1

Buyer

Steel Dynamics, Inc.

Fort Wayne, Indiana, United States

website


Category Company
Founded 1993
SectorMetals/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 4 of 10
Sector (Metals/Mining) 3 of 7
Type (Divestiture) 1 of 2
State (Mississippi) 1 of 1
Country (United States) 4 of 8
Year (2014) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 OmniSource Corp.

Fort Wayne, Indiana, United States

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.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-14 Consolidated Systems - Decking Assets

United States

Consolidated Systems - Decking Assets is a provider of standard and premium specialty deck profiles in Memphis, Tennessee; Phoenix, Arizona; and Terrell, Texas.

Buy $45M

Seller(S) 1

SELLER

PAO Severstal

Moscow, Russia

website


Category Company
Founded 1955
SectorMetals/Mining
Revenue 6.9B USD (2020)
DESCRIPTION

Severstal is a Russian steel producer. Severstal was founded in 1955 and is based in Moscow, Russia.


DEAL STATS #
Overall 2 of 2
Sector (Metals/Mining) 2 of 2
Type (Divestiture) 2 of 2
State (Mississippi) 1 of 1
Country (United States) 2 of 2
Year (2014) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-21 Severstal Dearborn LLC

Dearborn, Michigan, United States

Severstal Dearborn produces high-quality, flat-rolled steels primarily for the automotive, construction and appliance markets.

Sell $700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-29 Severstal Export Miami Corp.

Miami, Florida, United States

Severstal Export Miami Corp. is a distributor of steel products.

Buy -