SDI to acquire Roanoke Electric Steel.Steel Dynamics Inc., based in Fort Wayne, Ind., has announced that it will acquire Roanoke Electric Steel Corp. of Roanoke, Va. "This combination further diversifies SDrs product offering, provides additional penetration of the joist, truss truss, in architecture and engineering, a supporting structure or framework composed of beams, girders, or rods commonly of steel or wood lying in a single plane. and girder girder In building construction, a large main supporting beam, commonly of steel or reinforced concrete, that carries a heavy transverse (crosswise) load. In a floor system, beams and joists transfer their loads to the girders, which in turn frame into the columns. markets and provides SDI (1) (Serial Digital Interface) A physical interface widely used for transmitting digital video in various formats. For electrical transmission, it uses a high grade of coaxial cable and a single BNC connector with Teflon insulation. with its first foray into the processed raw materials arena," says Keith Busse, SDI president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "The combination will enable us to broaden our geographic presence and strengthen our relationships with customers. We plan to invest from $50 million to $80 million to improve and upgrade Roanoke's facilities after the transaction closes." Steel Dynamics operates three steelmaking mini-mills that produce a wide range of steel products, including flat-rolled products, such as hot-rolled, cold-rolled and coated steels; wide-flange beams and H-piling; rail; and special-bar-quality round bars. SDI also produces joist and decking products for the non-residential construction markets in two fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. facilities. Roanoke Electric Steel Corp. operates steel manufacturing facilities in Roanoke, Va., and Huntington, W. Va. Four subsidiaries are involved in various steel-related activities, consisting of scrap processing and bar joists and truck trailer beam fabrication. The merger will increase the total steelmaking capability of Steel Dynamics to approximately 5.2 million tons. |
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