July 6, 2016

SDI Acquires Vulcan Threaded Products

Steel Dynamics, Fort Wayne, Ind., will acquire 100 percent of Vulcan Threaded Products, Birmingham, Ala. Vulcan Threaded Products is the nation’s largest manufacturer and supplier of threaded rod products, and also produces cold drawn and heat-treated bar. The purchase price of the deal was $126 million.

"During 2015, we identified the pursuit of higher-margin downstream business opportunities that utilize our steel products in their manufacturing processes, as one of our target growth objectives," says Mark D. Millett, president and CEO. “During weak steel demand environments these businesses could purchase steel internally from our own mills, thus increasing SDI's steel mill utilization. As a consumer of special-bar-quality products currently produced at our Engineered Bar Products Division, Vulcan depicts this model perfectly and fits well within our core operating strengths."

Vulcan has a diversified product line, evenly distributed amongst threaded steel rod, cold finished bar processing and heat treated bar. It shipped approximately 89,000 tons of these products during the 12-month period ended March 31. Historically, Vulcan has purchased nearly 20,000 tons of steel from the company's Engineered Bar Products Division. Based on capabilities, Steel Dynamics believes this internal volume could grow in the near term to between 30,000 and 50,000 tons, or just under 10 percent of EBD's total 2015 shipments.


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Monday, October 23, 2017