M&A Deal Summary

Nucor Acquires Corus Tuscaloosa Steel

On June 8, 2004, Nucor acquired metals/mining company Corus Tuscaloosa Steel for 90M USD

Acquisition Highlights
  • This is Nucor’s 3rd transaction in the Metals/Mining sector.
  • This is Nucor’s 17th largest (disclosed) transaction.
  • This is Nucor’s 4th transaction in the United States.
  • This is Nucor’s 2nd transaction in Alabama.

M&A Deal Summary
Date 2004-06-08
Target Corus Tuscaloosa Steel
Sector Metals/Mining
Buyer(s) Nucor
Deal Type Add-on Acquisition
Deal Value 90M USD

Target

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.

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Buyer(S) 1

Buyer

Nucor

Charlotte, North Carolina, United States
Category Company
Founded 1905
Sector Metals/Mining
Employees32,000
Revenue 34.7B USD (2023)
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 4 of 35
Sector (Metals/Mining) 3 of 22
Type (Add-on Acquisition) 3 of 26
State (Alabama) 2 of 3
Country (United States) 4 of 32
Year (2004) 1 of 1
Size (of disclosed) 17 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-30 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.

Buy $615M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-03 Marion Steel

Marion, Ohio, United States

Steel Marion is a steel mini mill that manufactures a full line of specialty steel products in the specific shapes needed for the highway, construction and agricultural industries. We specialize in U-channel signposts and related breakaway small and mid-range signpost systems, delineators, guardrail posts and cable barrier systems.

Buy $110M
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