Add-on Acquisition • Environmental

Nucor Acquires Metal Recycling Services

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

Acquisition Context

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.

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

Target Company

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 Overview 1

Buyer

Nucor

Charlotte, North Carolina, United States

Category	Company
Founded	1905
Sector	Metals/Mining
Employees	32,700
Revenue	30.7B USD (2024)

DESCRIPTION

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 Context for Buyer	#
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 Co. 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

DATE

TARGET

DEAL TYPE

VALUE

2008-02-08

The David J. Joseph Co.

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

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

Explore Related M&A Activity

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