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William Lounsbury for The Boston Globe
Bain Capital invested $8 million in GS Industries in Kansas City, Mo. in 1993.
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William Lounsbury for The Boston Globe
Jeff Jones, who worked at GS Industries for its final seven years, said Bain’s and Romney’s decisions set up the mill for failure.
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William Lounsbury for The Boston Globe
The steel maker slide into bankruptcy in 2001, and the mill soon closed, costing 750 workers their jobs.
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William Lounsbury for The Boston Globe
“He says he never had anything to do with this, but in fact he had everything to do with closing down the plant,’’ Jones said of Romney.
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William Lounsbury for The Boston Globe
“And they took everything away from us . . . and that’s not right,” said Vernon Corliss, who worked at GS Industries.
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Chad Ryan for The Boston Globe
In 1994, Bain Capital invested $18 million in Steel Dynamics in Butler, Ind., an investment that produced a different outcome.
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Chad Ryan for The Boston Globe
At Steel Dynamics, the mill’s brisk business produced jobs that paid steel workers an average of $80,000 a year.
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Chad Ryan for The Boston Globe
“A lot of things would probably be different if they weren’t around,” Dan Keller, who works for Steel Dynamics, said of Bain.
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Chad Ryan for The Boston Globe
Steel Dynamics posted $8 billion in net sales last year.
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Chad Ryan for The Boston Globe
“These guys are risk-based investors.,’’ said Keith Busse, chairman of Steel Dynamics. “Sometimes you win, and sometimes you lose.’’
