M&A Deal Summary

Nucor Acquires The David J. Joseph

On February 8, 2008, Nucor acquired metals/mining company The David J. Joseph for 1.4B USD

Acquisition Highlights
  • This is Nucor’s 8th transaction in the Metals/Mining sector.
  • This is Nucor’s 2nd largest (disclosed) transaction.
  • This is Nucor’s 12th transaction in the United States.
  • This is Nucor’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2008-02-08
Target The David J. Joseph
Sector Metals/Mining
Buyer(s) Nucor
Deal Type Add-on Acquisition
Deal Value 1.4B USD

Target

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.

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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 13 of 35
Sector (Metals/Mining) 8 of 22
Type (Add-on Acquisition) 12 of 26
State (Ohio) 2 of 3
Country (United States) 12 of 32
Year (2008) 1 of 2
Size (of disclosed) 2 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-13 Nelson Steel

New Salem, Pennsylvania, United States

Nelson Steel, Inc. located in New Salem, Pennsylvania, Nelson is a producer of wire mesh and related products including wire rack decking, light weight galvanized mesh, mine mesh and engineering mesh.

Buy $54M
FOLLOWING 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 -
Mergr

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