Nucor to acquire cold rolling mill of Worthington

Nucor to acquire cold rolling mill of Worthington

According to the statement released from US based steel producer Nucor Corporation, the company has signed an agreement with Worthington Industries to acquire certain assets of its cold rolling mill in Decatur. The deal is concluded for cash payment of $82 million. The deal, being subject to approval of certain official agencies is expected to be finalized within two-month's time. 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.