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Nucor Corp. (NUE) Completes $605M Acquisition of Skyline Steel

June 21, 2012 9:01 AM EDT Send to a Friend
Nucor Corporation (NYSE: NUE) is pleased to announce that it has completed the acquisition of the membership interest of Skyline Steel LLC and its subsidiaries for the purchase price of approximately $605 million. Skyline Steel LLC is now a wholly owned subsidiary of Nucor Corporation and will maintain its headquarters in Parsippany, New Jersey. Nucor expects the acquisition to be accretive in the next full fiscal year of ownership.

Skyline Steel LLC is a premier steel foundation distributor serving the U.S., Canada, Mexico and the Caribbean. Skyline distributes high quality products to service the most challenging applications including marine construction, bridge and highway construction, heavy civil construction, storm protection, underground commercial parking, and environment containment projects in the infrastructure and construction industries.




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