Steel Dynamics to Acquire Vulcan Threaded Products
Steel Dynamics Inc. entered into a definitive agreement to acquire 100% of Vulcan Threaded Products. Alabama-based Vulcan is the nation's largest manufacturer and supplier of threaded rod products and also produces heat-treated bar. Steel Dynamics plans to purchase the company for $126 million, inclusive of $42 million in working capital. Vulcan is a consumer of special-bar-quality products currently produced at Steel Dynamics’ Engineered Bar Products Division. The company shipped approximately 89,000 tons of threaded steel rod, cold finished bar and heat-treated bar during the trailing 12-month period that ended March 31, 2016. The transaction is expected to be complete by August.