M&A Deal Summary

Nucor Acquires Independence Tube

On September 19, 2016, Nucor acquired metals/mining company Independence Tube for 435M USD

Acquisition Highlights
  • This is Nucor’s 13th transaction in the Metals/Mining sector.
  • This is Nucor’s 9th largest (disclosed) transaction.
  • This is Nucor’s 18th transaction in the United States.
  • This is Nucor’s 1st transaction in Illinois.

M&A Deal Summary

Date 2016-09-19
Target Independence Tube
Sector Metals/Mining
Buyer(s) Nucor
Deal Type Add-on Acquisition
Deal Value 435M USD

Target

Independence Tube

Chicago, Illinois, United States
Independence Tube Corp. is a manufacturer of hollow structural section (HSS) steel tubing.

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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 19 of 35
Sector: Metals/Mining M&A 13 of 22
Type: Add-on Acquisition M&A Deals 14 of 26
State: Illinois M&A 1 of 2
Country: United States M&A 18 of 32
Year: 2016 M&A 2 of 3
Size (of disclosed) 9 of 23
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-06 Southland Tube

Birmingham, Alabama, United States

Southland Tube, Inc. is an independent manufacturer of hollow structural section (HSS) steel tubing.

Buy $130M