Nucor Fastener Acquires Coil Processing Facility
By Metal Center News Staff
on Oct 6, 2021
Nucor Corp., Charlotte, made another push downstream with the acquisition of a coil processing facility in Shelbyville, Ind. The facility will be incorporated into Nucor Fastener’s division.
The facility includes an automated clean and coat line, two STC furnaces and wire drawing capabilities. In addition to coil processing, the company will also be expanding its fastener manufacturing capabilities by installing bolt making equipment at the Shelbyville facility. This new operation will employ approximately 33 team members at the outset with the potential to double those jobs as it reaches full capacity.
"We are excited to grow our Fastener Division with the acquisition of these assets," said Joey Loosle, general manager of Nucor Fastener. "Adding bolt making capability to the Shelbyville facility will help expand our offerings to the automotive, heavy truck, industrial/MRO and structural fastener markets. Nucor Fastener is already a leader in steel fasteners and this expansion will further enhance that position."
Along with recently announced upgrades at the Nebraska engineered bar mill, this new facility will allow Nucor to better service the automotive cold heading quality market and provide customers with the highest quality products. The Shelbyville facility will allow the Nucor Engineered Bar group to offer processed coil with superior surface quality for the most demanding automotive CHQ applications, the company claims.
The acquisition continues a busy spate of investments for the minimill company, as Nucor has also announced plans for a new sheet mill as well as another melt shop at one of its bar mills in the Western United States.