UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
MAY 2, 1995
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BAYOU STEEL CORPORATION
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(Exact name of registrant as specified in its charter)
DELAWARE 33-22603 72-1125783
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
RIVER ROAD, P.O. BOX 5000, LAPLACE, LOUISIANA 70069
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(Address of principal executive offices)
(Zip Code)
(504) 652-4900
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(Registrant's telephone number, including area code)
NOT APPLICABLE
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(Former name or former address, if changed since last report.)
Item 2. OTHER EVENTS
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Bayou Steel Corporation has completed the acquisition of the assets of
Tennessee Valley Steel of Harriman, Tennessee, for $30.5 million on April 28,
1995. The acquisition was financed with a combination of existing resources and
the company's line of credit. Permanent financing is expected to be completed
shortly. The newly acquired Tennessee facility is a wholly owned subsidiary of
Bayou Steel Corporation.
Bayou Steel expects to operate Bayou Steel Corporation (Tennessee) as a
complement to its Louisiana-based minimill which produces light structural steel
made from recycled scrap metal. This strategic acquisition will allow Bayou
Steel to more fully utilize its assets at its Louisiana minimill, where an idled
second furnace will be reactivated to provide steel billets for its new
Tennessee operation. Bayou Steel of Tennessee will utilize its rolling mill and
shipping facilities to convert billets into merchant bar shapes and to warehouse
and ship directly to customers. These products will complement Bayou Steel's
current product line, giving it one of the widest ranges of bar and light
structural steel in the domestic industry.
Item 7. EXHIBITS
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(99) News Release dated May 2, 1995.
Page 2
SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BAYOU STEEL CORPORATION
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(Registrant)
By /s/ Richard J. Gonzalez
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Richard J. Gonzalez,
Vice President, Treasurer, Chief
Financial Officer, and Secretary
Date: May 2, 1995
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INDEX TO EXHIBITS
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EXHIBIT
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99 News Release dated May 2, 1995
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