M&A Deal Summary

Nucor Acquires Gerdau Ameristeel - Bright Bar Assets

On November 9, 2015, Nucor acquired metals/mining company Gerdau Ameristeel - Bright Bar Assets from Gerdau Ameristeel

Acquisition Highlights
  • This is Nucor’s 11th transaction in the Metals/Mining sector.
  • This is Nucor’s 16th transaction in the United States.

M&A Deal Summary

Date 2015-11-09
Target Gerdau Ameristeel - Bright Bar Assets
Sector Metals/Mining
Buyer(s) Nucor
Sellers(s) Gerdau Ameristeel
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

Nucor

Charlotte, North Carolina, United States

Category Company
Founded 1905
Sector Metals/Mining
Employees32,700
Revenue 30.7B USD (2024)
DESCRIPTION
Nucor's corporate headquarters in Charlotte, North Carolina.
Nucor's corporate headquarters in Charlotte, North Carolina.

Nucor is a 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 17 of 35
Sector: Metals/Mining M&A 11 of 22
Type: Divestiture M&A Deals 3 of 7
Country: United States M&A 16 of 32
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-15 Gallatin Steel Co.

Ghent, Kentucky, United States

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

Buy $770M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-20 Joy Global - Plate Mill

Milwaukee, Wisconsin, United States

Joy Global, Inc. - Plate Mill is a producer of carbon and alloy plate products with heat-treating capabilities and has an annual capacity of 180,000 tons.

Buy $29M

Seller(S) 1

SELLER

Gerdau Ameristeel

Tampa, Florida, United States

Category Company
Founded 1970
Sector Metals/Mining
Employees7,850
DESCRIPTION

Gerdau Ameristeel Corp. is a company in the production and distributor of long steel in the America.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-31 Sand Springs Metal Processing

Sand Springs, Oklahoma, United States

Sand Springs Metal Processing Corp. is a provider of recycling and selling of ferrous and non ferrous scrap metal.

Buy -