Jan. 4, 2017
Japanese Company Acquires U.S. Rebar Mill
Japanese steel producer Kyoei Steel Ltd. has agreed to acquire BD Vinton LLC from Bayou Steel for $52 million. BD Vinton operates a rebar mill in El Paso, Texas.
The mill, to be renamed Vinton Steel LLC, will serve as the company’s base of operations in the United States. The Vinton facility produces rebar, primarily for the construction and mining industries. Bayou Steel parent company Black Diamond Capital Management acquired the mill from ArcelorMittal in March 2016.