M&A Deal Summary

Nucor Acquires Verco Decking

On September 12, 2006, Nucor acquired building materials company Verco Decking for 180M USD

Acquisition Highlights
  • This is Nucor’s 2nd transaction in the Building Materials sector.
  • This is Nucor’s 12th largest (disclosed) transaction.
  • This is Nucor’s 7th transaction in the United States.
  • This is Nucor’s 1st transaction in Arizona.

M&A Deal Summary
Date 2006-09-12
Target Verco Decking
Sector Building Materials
Buyer(s) Nucor
Deal Type Add-on Acquisition
Deal Value 180M USD

Target

Verco Decking

Phoenix, Arizona, United States
Verco Decking, Inc. produces steel floor and roof decking at three locations in the western United States: Phoenix, Arizona; Fontana, California; and Antioch, California. Nucor's Vulcraft Group is the largest U.S. manufacturer of steel deck. With the addition of the Verco facilities, Nucor's total annual deck capacity will exceed 500,000 tons.

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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 7 of 35
Sector (Building Materials) 2 of 7
Type (Add-on Acquisition) 6 of 26
State (Arizona) 1 of 1
Country (United States) 7 of 32
Year (2006) 2 of 2
Size (of disclosed) 12 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-01 Connecticut Steel

Wallingford, Connecticut, United States

Nucor Steel Connecticut, Inc. is a manufacturer and seller of carbon steel wire rods and welded wire products.

Buy $43M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-02 Harris Steel Group

Stoney Creek, Ontario, Canada

Harris Steel, Inc., has several business units: Harris Rebar which is involved in the fabrication and placing of concrete reinforcing steel and the design and installation of concrete post-tensioning systems; Laurel Steel which is a manufacturer and distributor of wire and wire products, welded wire mesh and cold finished bar; and Fisher & Ludlow which is a manufacturer and distributor of heavy industrial steel grating, aluminum grating and expanded metal.

Buy $1.2B
Mergr

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