Steel Dynamics buys steel decking operations for $45 million

Greater Fort Wayne Business Weekly

Tuesday, September 15, 2015 4:06 PM

Steel Dynamics Inc. completed the purchase of steel decking operations from Consolidated Systems Inc. for $45 million, the company said Monday.

The deal includes steel decking facilities in Memphis, Phoenix and Terrell, Texas. The purchased assets will become part of SDI’s subsidiary, New Millennium Building Systems.

“Based on our past strategic geographic growth in our fabrication platform, combined with the steadily improving construction sector, our fabrication operations achieved record profitability in the second quarter 2015 and have already surpassed 2014 record setting annual profits. This purchase will further support the success of this platform and create shareholder value,” Mark Millett, president and CEO of SDI, said in the statement.

The facilities produce both standard and premium specialty deck profiles, representing more than 8 percent of 2014 domestic steel decking market share.

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Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR

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