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

Deals & Cases
October 14, 2021
Steel Dynamics to Acquire a 45% Minority Interest in New Process Steel Background Image
Deals & Cases
October 14, 2021

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 Worbington, with assistance from associates Kathy Phan and Michelle Yang. Also advising were partner John Lynch; and partner Prentiss Cutshaw and associate Bryant Buechele.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 13 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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