M&A Deal Summary

Nucor Acquires Metal Recycling Services

On March 18, 2008, Nucor acquired environmental company Metal Recycling Services

Acquisition Highlights
  • This is Nucor’s 1st transaction in the Environmental sector.
  • This is Nucor’s 13th transaction in the United States.
  • This is Nucor’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2008-03-18
Target Metal Recycling Services
Sector Environmental
Buyer(s) Nucor
Deal Type Add-on Acquisition

Target

Metal Recycling Services

Monroe, North Carolina, United States
MRS, founded in 1999, operates a full-service processing facility (including an automobile shredder) and two North Carolina feeder yards. MRS employs 150 people and expects to process 220,000 tons annually.

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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 14 of 35
Sector (Environmental) 1 of 3
Type (Add-on Acquisition) 13 of 26
State (North Carolina) 1 of 2
Country (United States) 13 of 32
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-08 The David J. Joseph

Cincinnati, Ohio, United States

The David J. Joseph Company is a U.S. scrap company. The Company was founded in 1885 and has been the broker of ferrous scrap to Nucor since 1969. Currently the company has five main businesses - Brokerage Services, Scrap Processing, Mill and Industrial Services, Rail Services, and Self Service Auto Parts.

Buy $1.4B
FOLLOWING 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
Mergr

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