Nucor Acquires IMP Business
By Metal Center News Staff
on Jun 7, 2021
Nucor Corporation, Charlotte, N.C., will acquire Cornerstone Building Brands' insulated metal panels business for a cash purchase price of $1 billion.
"Today's announcement accelerates our vision to broaden value-added solutions that Nucor provides to our targeted end markets. We are excited about this opportunity to acquire a historical leader and innovator in the quickly growing IMP product category serving the nonresidential market, " said Leon Topalian, president and CEO of Nucor.
IMP products are wall and roof panel solutions comprised of an energy efficient foam core sandwiched between two layers of steel or aluminum and are available in a variety of widths, thicknesses and exterior finishes. The IMP business Nucor is acquiring from Cornerstone Building Brands has seven manufacturing facilities located throughout North America.
These locations complement the footprint of Nucor Buildings Group, as well as the company's existing IMP business, TrueCore. With this acquisition, Nucor will be purchasing two valued legacy brands, CENTRIA and Metl-Span, which provide a full range of products to service high-end architectural applications to more functional and quickly expanding cold storage and warehousing applications.