M&A Deal Summary

Steel Dynamics Acquires Roanoke Electric Steel

On April 12, 2006, Steel Dynamics acquired metals/mining company Roanoke Electric Steel for 111M USD

Acquisition Highlights
  • This is Steel Dynamics’ 1st transaction in the Metals/Mining sector.
  • This is Steel Dynamics’ 6th largest (disclosed) transaction.
  • This is Steel Dynamics’ 1st transaction in the United States.
  • This is Steel Dynamics’ 1st transaction in Virginia.

M&A Deal Summary
Date 2006-04-12
Target Roanoke Electric Steel
Sector Metals/Mining
Buyer(s) Steel Dynamics
Deal Type Add-on Acquisition
Deal Value 111M USD
Advisor(s) Jefferies (Financial)
McGuireWoods (Legal)

Target

Roanoke Electric Steel

Roanoke, Virginia, United States
Roanoke Electric Steel Corporation has steel manufacturing facilities in Roanoke, Virginia and Huntington, West Virginia, producing angles, rounds, flats, channels, beams, special sections and billets, which are sold to steel service centers, fabricators, original equipment manufacturers and other steel producers. Four subsidiaries are involved in various steel-related activities, consisting of scrap processing and bar joists and truck trailer beam fabrication.

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Buyer(S) 1

Buyer

Steel Dynamics

Fort Wayne, Indiana, United States
Category Company
Founded 1993
Sector Metals/Mining
Employees12,600
Revenue 18.8B USD (2023)
DESCRIPTION

Steel Dynamics is a 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 1 of 10
Sector (Metals/Mining) 1 of 7
Type (Add-on Acquisition) 1 of 7
State (Virginia) 1 of 1
Country (United States) 1 of 8
Year (2006) 1 of 1
Size (of disclosed) 6 of 7
FOLLOWING 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
Mergr

Product

Company

Legal