M&A Deal Summary

Nucor Acquires Gallatin Steel

On September 15, 2014, Nucor acquired metals/mining company Gallatin Steel from ArcelorMittal for 770M USD

Acquisition Highlights
  • This is Nucor’s 10th transaction in the Metals/Mining sector.
  • This is Nucor’s 5th largest (disclosed) transaction.
  • This is Nucor’s 15th transaction in the United States.
  • This is Nucor’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2014-09-15
Target Gallatin Steel
Sector Metals/Mining
Buyer(s) Nucor
Sellers(s) ArcelorMittal
Deal Type Divestiture
Deal Value 770M USD

Target

Gallatin Steel

Ghent, Kentucky, United States
Gallatin Steel Company is a producer of flat-rolled products, with an annual capacity of approximately 1,800,000 tons.

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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 16 of 35
Sector (Metals/Mining) 10 of 22
Type (Divestiture) 2 of 7
State (Kentucky) 1 of 1
Country (United States) 15 of 32
Year (2014) 1 of 1
Size (of disclosed) 5 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-21 Skyline Steel

Parsippany, New Jersey, United States

Skyline Steel LLC is a premier steel foundation distributor serving the U.S., Canada, Mexico and the Caribbean. Skyline distributes high quality products to service the most challenging applications including marine construction, bridge and highway construction, heavy civil construction, storm protection, underground commercial parking, and environment containment projects in the infrastructure and construction industries.

Buy $605M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-09 Gerdau Ameristeel - Bright Bar Assets

United States

Gerdau Ameristeel Corp. - Bright Bar Assets is a manufacturer of cold drawn steel bars for steel service centers and other markets across the U.S.

Buy -

Seller(S) 1

SELLER

ArcelorMittal

Luxembourg, Luxembourg
Category Company
Founded 1976
Sector Metals/Mining
Employees126,756
Revenue 68.3B USD (2023)
DESCRIPTION

ArcelorMittal is a provider of steel producer and mining company. Guided by a philosophy to produce safe, sustainable steel, it is the supplier of quality steel products in all major markets including automotive, construction, household appliances and packaging. ArcelorMittal was incorporated in 1976 and is based in Luxembourg City.

DEAL STATS #
Overall 4 of 10
Sector (Metals/Mining) 3 of 7
Type (Divestiture) 3 of 9
State (Kentucky) 1 of 1
Country (United States) 2 of 4
Year (2014) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-29 ThyssenKrupp Steel USA

Calvert, Alabama, United States

ThyssenKrupp Steel USA is a steel processing plant with a total capacity of 5.3 million tonnes including hot rolling, cold rolling, coating and finishing lines.

Buy $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-19 Kuzbass Coal Mines

Russia

Kuzbass Coal Mines assets include the coal mines of Berezovskaya and Pervomaskaya, which together produce 700,000 tonnes of coal a year.

Sell -
Mergr

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