Nucor acquires Decatur cold rolling mill
According to the statement released by
Nucor Corporation, the company has recently completed the takeover of the cold rolling mill in Decatur from Worthington Industries.
As reported by SteelOrbis back in May,
Nucor Corporation signed an agreement with Worthington Industries for the takeover of the cold rolling mill. The deal was concluded at $82 million in cash payment.
Now the deal has been finalized. The deal covers
Nucor's acquisition of pickle line, four-strand tandem cold mill, temper mill, annealing furnaces and all buildings of Decatur mill, but excludes slitting and cut-to-length equipment of Worthington.
Nucor officials stated that through this acquisition the company will be able to serve value-added sheet market more extensively.