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Nucor to acquire St Louis Cold Drawn Inc in Missouri and Mexico

Steel News - Published on Fri, 11 Aug 2017

Image Source: /l7.alamy.com
Nucor Corporation announced that it has agreed to acquire St Louis Cold Drawn Inc, a manufacturer of cold drawn rounds, hexagons, squares, and special sections that mainly serve the U.S. and Mexican automotive and industrial markets.

St Louis Cold Drawn Inc employs 125 people and has two manufacturing locations, one in St Louis Missouri and the other in Monterrey Mexico, that have a combined annual capacity of 200,000 tons. The addition of these facilities will increase the total capacity of Nucor's cold finished bar and wire facilities to more than 1.1 million tons annually and helps advance our goal of growing our sales to automotive customers.

Mr John Ferriola, Chairman, CEO and President of Nucor Corporation, said "This acquisition fits with our planned growth strategy by expanding Nucor's position as the market leader in cold finished bar products. It also creates synergies with our bar mills by providing an additional channel to market for the special bar quality (SBQ) products we produce. The acquisition of St Louis Cold Drawn complements our long-term strategy to profitably grow our value-added product portfolio."

Source :

Posted By : Ratan Singh on Fri, 11 Aug 2017
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