M&A Deal Summary

Nucor Acquires Southland Tube

On December 6, 2016, Nucor acquired metals/mining company Southland Tube for 130M USD

Acquisition Highlights
  • This is Nucor’s 14th transaction in the Metals/Mining sector.
  • This is Nucor’s 13th largest (disclosed) transaction.
  • This is Nucor’s 19th transaction in the United States.
  • This is Nucor’s 3rd transaction in Alabama.

M&A Deal Summary
Date 2016-12-06
Target Southland Tube
Sector Metals/Mining
Buyer(s) Nucor
Deal Type Add-on Acquisition
Deal Value 130M USD

Target

Southland Tube

Birmingham, Alabama, United States
Southland Tube, Inc. is an independent 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
Employees32,000
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 20 of 35
Sector (Metals/Mining) 14 of 22
Type (Add-on Acquisition) 15 of 26
State (Alabama) 3 of 3
Country (United States) 19 of 32
Year (2016) 3 of 3
Size (of disclosed) 13 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-19 Independence Tube

Chicago, Illinois, United States

Independence Tube Corp. is a manufacturer of hollow structural section (HSS) steel tubing.

Buy $435M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 Omega Joists

Nisku, Alberta, Canada

Omega Joists, Inc. is a producer of open web steel joists at its manufacturing facility located in Nisku, Alberta, and also has sales offices in western British Columbia and southern Alberta.

Buy -
Mergr

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