M&A Deal Summary

Nucor Acquires Hannibal Industries

On July 20, 2021, Nucor acquired metals/mining company Hannibal Industries for 370M USD

Acquisition Highlights
  • This is Nucor’s 18th transaction in the Metals/Mining sector.
  • This is Nucor’s 10th largest (disclosed) transaction.
  • This is Nucor’s 23rd transaction in the United States.
  • This is Nucor’s 1st transaction in California.

M&A Deal Summary
Date 2021-07-20
Target Hannibal Industries
Sector Metals/Mining
Buyer(s) Nucor
Deal Type Add-on Acquisition
Deal Value 370M USD

Target

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.

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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 26 of 35
Sector (Metals/Mining) 18 of 22
Type (Add-on Acquisition) 18 of 26
State (California) 1 of 2
Country (United States) 23 of 32
Year (2021) 2 of 4
Size (of disclosed) 10 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-07 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.

Buy $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 Grossman Iron and Steel

St. Louis, Missouri, United States

Grossman Iron and Steel operates a full-service ferrous and nonferrous scrap metal recycling facility, which includes an automobile shredder and a metal recovery facility. Grossman Iron and Steel was founded in 1920 and is based in St. Louis, Missouri.

Buy -
Mergr

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