October 07, 2008

Nucor to acquire Metal Recycling Services

Nucor Corporation announced that it has signed a purchase agreement to acquire substantially all the assets of Metal Recycling Services Inc based at Monroe in North Carolina. The acquisition is expected to close within 30 days subject to the completion of due diligence and other closing conditions. Upon acquisition by Nucor, Metal Recycling Services will become part of Nucor's wholly owned subsidiary.

Metal Recycling Services founded in 1999, operates a full service processing facility including an automobile shredder and two North Carolina feeder yards. It employs 150 people and expects to process 220,000 tons annually.

Mr Daniel R DiMicco chairman, CEO & president of Nucor said that "The addition of MRS demonstrates our commitment to grow in the scrap sector by using DJJ as a platform for that growth. We look forward to welcoming the MRS management team and employees to the Nucor family."