Aug. 16, 2017

Nucor to Add Cold-Finish Facilities in St. Louis, Mexico

Nucor Corp., Charlotte, N.C., has reached an agreement with St. Louis Cold Drawn Inc. to acquire the Missouri-based manufacturer of cold-finished steel bar products.

The acquisition includes St. Louis Cold Drawn’s two cold-finish manufacturing facilities in St. Louis and Monterrey, Mexico. The two locations have a combined annual capacity of 200,000 tons of cold-drawn rounds, hexagons, squares and special sections that mainly serve the U.S. and Mexican industrial and automotive markets.

Nucor Chairman and CEO John Ferriola said the acquisition complements Nucor’s long-range strategy to grow its value-added product portfolio.

"This acquisition fits with our planned growth strategy by expanding Nucor's position as the market leader in cold-finished bar products,” Ferriola said. “It also creates synergies with our bar mills by providing an additional channel to market for the special bar quality products we produce."

By adding the St. Louis and Monterrey facilities, Nucor expects the total capacity of its cold-finished bar and wire facilities to jump to more than 1.1 million tons annually. The company also hopes that the acquisition will help boost its automotive sales.


September 2017: Numbers Don’t Add Up for Service Centers
More...
 
Pause
September 2017: Lichtenstein: Five Steel Truths that Demand Attention
More...
Fall 2016: Cutting & Sawing Equipment
More...
Summer 2017
More...
 
Pause
Advanced Controls on Braner Slitters
More...
AHVS Precision Leveler Features Flip-Top Design
More...
Formtek’s Tishken Slitter Increases Production Volume
More...
Red Bud System Handles High-Strength Steels
More...
Bradbury Launches Flat Trak CL Monitoring System
More...
Artus Knives Custom Designed
More...
 
Pause
Privacy Statement  |  Terms Of Use
Copyright by Metal Center News



Wednesday, October 18, 2017