NUE - Mergers and acquisitions

Nucor Corporation acquires the manufacturer for $115 million SAN BERNARDINO, Calif., April 1, 2024 /PRNewswire/ -- Montage Partners, a people-first private equity firm based in Scottsdale, Arizona, today announces the successful exit of its investment in Southwest Data Products ("SWDP" or the "Company"), a leading manufacturer of branded airflow containment systems, server enclosures, security caging, and cable management systems used in the world's most advanced data centers to house and protect computer networking equipment. The Company was acquired by Nucor Corporation (NYSE:NUE) ("Nucor"), North America's most diversified and sustainable steel and steel products company, for $115 million

CHARLOTTE, N.C., April 5, 2022 /PRNewswire/ -- Nucor Corporation (NYSE:NUE) announced today that it has acquired steel racking manufacturer Elite Storage Solutions for $75 million.  This acquisition expands Nucor's steel racking capabilities and builds on the company's acquisition of Hannibal Industries last year. Elite Storage Solutions employs 180 full-time teammates at locations in Monroe, Georgia, and Chandler, Arizona.   "We are excited to grow our steel racking capabilities with this acquisition of Elite Storage Solutions. Establishing a manufacturing presence in the southeast complements our existing steel racking business and allows us to serve our racking customers nationwide more e

CHARLOTTE, N.C., Dec. 13, 2021 /PRNewswire/ -- Nucor Corporation (NYSE:NUE) announced today that it has reached agreements to acquire a majority ownership position in California Steel Industries, Inc. (CSI) by purchasing a 50% equity interest from a subsidiary of Vale S.A. (Vale) and a 1% equity ownership stake from JFE Steel Corporation (JFE). The company will be a joint venture between Nucor and JFE, pending regulatory approvals.  Nucor will pay a cash purchase price to Vale of $400 million for the 50% enterprise value, adjusted for net debt and working capital at closing, which approximates less than 6.0x historical average EBITDA. "Acquiring a majority ownership stake in California Steel

CHICAGO, Oct. 12, 2021 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Grossman Iron and Steel Company (Grossman) to The David J. Joseph Company (DJJ), an operating subsidiary of Nucor Corporation (Nucor). BGL's Metals & Metals Processing team served as the exclusive financial advisor to Grossman in the process. The specific terms of the transaction were not disclosed. The transaction highlights the deep experience of the BGL team with businesses operating in ferrous and non-ferrous scrap metal processing. BGL's Metals & Metals Process