M&A Deal Summary

Nucor Acquires Skyline Steel

On June 21, 2012, Nucor acquired metals/mining company Skyline Steel from ArcelorMittal for 605M USD

Acquisition Highlights
  • This is Nucor’s 9th transaction in the Metals/Mining sector.
  • This is Nucor’s 7th largest (disclosed) transaction.
  • This is Nucor’s 14th transaction in the United States.
  • This is Nucor’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2012-06-21
Target Skyline Steel
Sector Metals/Mining
Buyer(s) Nucor
Sellers(s) ArcelorMittal
Deal Type Divestiture
Deal Value 605M USD

Target

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.

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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 15 of 35
Sector (Metals/Mining) 9 of 22
Type (Divestiture) 1 of 7
State (New Jersey) 1 of 1
Country (United States) 14 of 32
Year (2012) 1 of 1
Size (of disclosed) 7 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-18 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-15 Gallatin Steel

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

Seller(S) 1

SELLER

ArcelorMittal

Luxembourg, Luxembourg
Category Company
Founded 1976
Sector Metals/Mining
Employees126,756
Revenue 68.3B USD (2023)
DESCRIPTION

ArcelorMittal is a provider of steel producer and mining company. Guided by a philosophy to produce safe, sustainable steel, it is the supplier of quality steel products in all major markets including automotive, construction, household appliances and packaging. ArcelorMittal was incorporated in 1976 and is based in Luxembourg City.

DEAL STATS #
Overall 3 of 10
Sector (Metals/Mining) 2 of 7
Type (Divestiture) 2 of 9
State (New Jersey) 1 of 1
Country (United States) 1 of 4
Year (2012) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-09 Enovos

Strassen, Luxembourg

Enovos is an integrated utility company focused on electricity and gas transmission and supply as well as power generation including renewables. Enovos is based in Strassen, Luxembourg.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-29 ThyssenKrupp Steel USA

Calvert, Alabama, United States

ThyssenKrupp Steel USA is a steel processing plant with a total capacity of 5.3 million tonnes including hot rolling, cold rolling, coating and finishing lines.

Buy $1.6B
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