M&A Deal Summary

Nucor Acquires Cornerstone Building Brands - Insulated Metal Panels Business

On June 7, 2021, Nucor acquired building materials company Cornerstone Building Brands - Insulated Metal Panels Business from Cornerstone Building for 1.0B USD

Acquisition Highlights
  • This is Nucor’s 5th transaction in the Building Materials sector.
  • This is Nucor’s 4th largest (disclosed) transaction.
  • This is Nucor’s 22nd transaction in the United States.
  • This is Nucor’s 2nd transaction in North Carolina.

M&A Deal Summary

Date 2021-06-07
Target Cornerstone Building Brands - Insulated Metal Panels Business
Sector Building Materials
Buyer(s) Nucor
Sellers(s) Cornerstone Building
Deal Type Divestiture
Deal Value 1.0B USD

Target

Cornerstone Building Brands - Insulated Metal Panels Business

Cary, North Carolina, United States
Cornerstone Building Brands' Insulated Metal Panels Business is a manufacturer of insulated metal panels in North America, a lightweight cladding solution servicing all sub-sectors within the non-residential end market. The Company will sell seven manufacturing facilities, three offices, and a product innovation center, all located in North America.

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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 25 of 34
Sector (Building Materials) 5 of 6
Type (Divestiture) 7 of 7
State (North Carolina) 2 of 2
Country (United States) 22 of 31
Year (2021) 1 of 4
Size (of disclosed) 4 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-28 Precoat Metals - Paint line facility

Blytheville, Arkansas, United States

Precoat Metals Corp.'s Paint line facility is a provider of pre-painted sheet products. Precoat Metals' Paint line facility is based in Blytheville, Arkansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 Hannibal Industries

Los Angeles, California, United States

Hannibal Industries is a pallet rack and steel tube manufacturer with a diverse product line that enables the company to offer material handling products to the most massive operations in the world. Hannibal Industries' product offering includes TubeRack, Structural Pallet Rack, Roll-Formed Selective Pallet Rack, Hybrid Systems, Cantilever Systems, Pushback Systems, Pallet Flow Systems, Case Flow Systems, and Drive-In Systems. Hannibal Industries was founded in 1985 and is based in Los Angeles, California.

Buy $370M

Seller(S) 1

SELLER

Cornerstone Building

Cary, North Carolina, United States

website


Category Company
Founded 1984
Sector Building Materials
Employees20,500
Revenue 4.6B USD (2020)
DESCRIPTION

Cornerstone Building is an integrated manufacturer of metal products for the nonresidential building industry. Cornerstone Building was formed in 1984 and is based in Cary, North Carolina.


DEAL STATS #
Overall 1 of 3
Sector (Building Materials) 1 of 2
Type (Divestiture) 1 of 3
State (North Carolina) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 Prime Window Systems

Denver, Colorado, United States

Prime Window Systems provides residential new construction and repair and remodel markets with energy-efficient vinyl window and door products. Prime Window Systems is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-27 DBCI

Douglasville, Georgia, United States

DBCI is a manufacturer of roll-up sheet doors and related products for both the commercial and self-storage markets. With field technicians and manufacturing and sales offices located across the United States, DBCI quickly and efficiently delivers superior products and services to its customers. DBCI is based in Douglasville, Georgia.

Sell $168M