Nucor announced it is acquiring TrueCore, LLC, an insulated metal panel manufacturing company with a facility in Laurens, South Carolina. TrueCore produces insulated metal panels serving the cold storage market, with future plans for additional commercial and industrial applications.
"This acquisition fits well with our strategy to profitably grow our value-added product portfolio and provides great synergies with Nucor Buildings Group. As the market leader in metal buildings, we currently utilize a high volume of insulated panels for buildings we design and manufacture," said Chad Utermark, Executive Vice President, Fabricated Construction Products.
The TrueCore founding partners, Conor Lowery, Dean Soll, and Sara Truhlar, will remain with the company, Nucor said in a statement, and TrueCore’s 26 total employees will become part of Nucor Buildings Group.
Conor Lowery, Director of Operations for TrueCore, said, "We can now scale this company faster to meet the growing demand. We already have plans to add additional products to our portfolio, including insulated roof panels and a line of fire-rated panels. In the coming months we will also begin construction on new facilities to serve the Western and Midwestern markets. We are excited about TrueCore's future as part of Nucor."