M&A Deal Summary

Nucor Acquires Birmingham Steel

On May 30, 2002, Nucor acquired metals/mining company Birmingham Steel for 615M USD

Acquisition Highlights
  • This is Nucor’s 2nd transaction in the Metals/Mining sector.
  • This is Nucor’s 6th largest (disclosed) transaction.
  • This is Nucor’s 3rd transaction in the United States.
  • This is Nucor’s 1st transaction in Alabama.

M&A Deal Summary
Date 2002-05-30
Target Birmingham Steel
Sector Metals/Mining
Buyer(s) Nucor
Deal Type Special Situations/Distressed
Deal Value 615M USD

Target

Birmingham Steel

Birmingham, Alabama, United States
Birmingham Steel Corp. consists of four operating mills in Birmingham, Alabama; Kankakee, Illinois; Seattle, Washington and Jackson, Mississippi, with an estimated combined annual capacity of approximately 2.0 million tons.

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Buyer(S) 1

Buyer

Nucor

Charlotte, North Carolina, United States

website

Category Company
Founded 1905
Sector Metals/Mining
Employees31,400
Revenue 41.5B USD (2022)
DESCRIPTION
Nucor's corporate headquarters in Charlotte, North Carolina.
Nucor's corporate headquarters in Charlotte, North Carolina.

Nucor is a North American manufacturer of steel products. Products produced include carbon and alloy steel – in bars, beams, sheet and plate; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; steel grating and expanded metal; and wire and wire mesh. Nucor was formed in 1905 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 3 of 34
Sector (Metals/Mining) 2 of 22
Type (Special Situations/Distressed) 1 of 1
State (Alabama) 1 of 3
Country (United States) 3 of 31
Year (2002) 1 of 1
Size (of disclosed) 6 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-20 Itec Steel

Duluth, Georgia, United States

Itec Steel, Inc., and its wholly owned subsidiary, Steel Truss and Frame Corp., operates facilities in Texas and Georgia.

Buy $9M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-08 Corus Tuscaloosa Steel

Tuscaloosa, Alabama, United States

Tuscaloosa is a coiled plate mill that manufactures pressure vessel steel coil, discrete plate and cut-to-length plate products. Located in Tuscaloosa, AL, the steel mill was built in 1985 and was the first US steel mill to employ Steckel mill technology to produce high quality wide plate from coil.

Buy $90M
Mergr

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