Nucor announced today that it has closed on its acquisition of Independence Tube Corporation for approximately $435 million.
Doug Jellison will serve as President of Nucor Tubular Products. Jellison previously served as Vice President of Corporate Strategic Planning for Nucor.
"We are pleased to welcome the 335 teammates at Independence Tube to the Nucor family," said John Ferriola, Chairman, CEO and President of Nucor Corporation. "This is a great acquisition for Nucor, giving us another growth platform and enhancing our position as the most comprehensive provider of steel solutions to the construction and infrastructure markets."