On Friday, Nucor Corporation announced that it has completed the sale of their Nucor Wire Products Pennsylvania facility located in New Salem, Pennsylvania to an affiliate of Wire Mesh Corporation.
"We continually evaluate our businesses for long-term strategic fit and earnings potential. After careful evaluation of the wire mesh market and Nucor's role in that market, we made the decision to sell these particular assets," said James Darsey, Nucor's Executive Vice President of Bar Products.
Nucor acquired the facility in October 2007 after purchasing the assets of Nelson Steel, Inc. Nucor is continuing to produce wire and wire mesh products at facilities in Utah, Connecticut and Laurel LEC Operations in Canada.