Nucor acquires three tubing manufacturers for $900 million

Nucor Corp. spent $900 million in the fourth quarter to buy three major tubing manufacturers: Independence Tube (Chicago), Southland Tube (Birmingham), and Republic Conduit (Louisville). The acquisitions include hollow structural sections and electrical conduit tubing.

“The Charlotte, North Carolina-based operator of scrapyards, melt shops, rolling mills and fabrication shops spent $900 million just in the fourth quarter to buy three major tubing manufacturers: Independence Tube, based in Chicago; Southland Tube, Birmingham; and Republic Conduit, Louisville.”modernmetals.com

• 3 sources
• modernmetals.comSize mattersSuper UserJan 12, 2017
• steelorbis.comNucor subsidiary to acquire AMICO’s bar grating assetsFeb 5, 2017
• newswire.caNucor Grating to Acquire AMICO Bar Grating AssetsFisher, Ludlow, Inc.Feb 6, 2017

Summarized from public sources; check the original articles before acting on it.