Nucor to Acquire Magnatrax

July 2007
Metal Center News;Jul2007, Vol. 47 Issue 8, p40
Trade Publication
The article reports on the plan of the minimill steelmaker Nucor Corp. to acquire Magnatrax Corp. in the U.S. The acquisition which is expected to close in 2007 is done through merger and a cash purchase price of $280 million. Dan DiMicco, president of Nucor Corp. said that the acquisition is an important growth opportunity for their company as a core downstream business.


Related Articles

  • Nucor Acquires Harris Steel Group.  // Metal Center News;Jan2007, Vol. 47 Issue 1, p48 

    The article reports on the acquisition of Canada's Harris Steel Group Inc. for $1.07 billion by Nucor Corp., a company based in Charlotte, North Carolina. The acquisition includes the Fisher & Ludlow grafting and expanded facilities of Harris Steel Group. Dan DiMicco, chairman and CEO of Nucor...

  • Nucor to Acquire LMP, Expand in Cold-Finish Bar.  // Metal Center News;Aug2007, Vol. 47 Issue 9, p38 

    The article reports on the acquisition of LMP Steel & Wire Co. by Nucor Corp. in the U.S. The acquisition, which costs approximately $28 million, is expected to close its transaction during the third quarter of 2007. According to Nucor officials, the addition of LMP will help advance Nucor's...

  • SDI Increases Capacity at Columbia City Mill.  // Metal Center News;Aug2007, Vol. 47 Issue 9, p39 

    The article reports that Steel Dynamics Inc. will invest $75 million to increase the capacity of its facility in Columbia, Indiana. The expansion project will help increase the production capacity for structural steel and rail to two million tons per year, including the installation of a second...

  • Nucor Strikes $1-Billion Takeover of Harris Steel.  // Metal Producing & Processing;Jan/Feb2007, Vol. 45 Issue 1, p5 

    The article reports that Nucor Corp. will acquire Harris Steel Group Inc., a processor and distributor of long products, for $1.07 billion. Nucor Chairman Dan DiMicco explains that the acquisition will benefit the company's downstream growth initiatives. He adds that Harris provides Nucor with...

  • Nucor to buy LMP Steel & Wire Company.  // Wire Journal International;Sep2007, Vol. 40 Issue 9, p14 

    The article reports that Nucor Corp. has agreed to acquire LMP Steel & Wire Co. for about $28 million. According Nucor president and chief executive officer (CEO) Dan DiMicco, the acquisition of LMP represents a solid growth opportunity for one of the company's core downstream businesses. A...

  • Nucor Corp. plans to buy Canada's Harris Steel.  // Wire Journal International;Feb2007, Vol. 40 Issue 2, p12 

    The article reports that Nucor Corp. has offered $1.07 billion to purchase Canada's Harris Group Inc. According to Nucor Chairman and Chief Executive Officer Dan DiMicco, the acquisition of Harris Steel advances Nucor's growth initiatives. He adds that Harris Steel offers Nucor with broad...

  • Nucor Acquires Major Scrap Supplier.  // Metal Center News;Mar2008, Vol. 48 Issue 3, p44 

    The article reports on the acquisition of David J. Joseph Co. by Nucor Corp. for $1.44 billion in the U.S. It has been claimed that due to the buyout, David J. Joseph Co. will be a wholly owned subsidiary of Nucor Corp. and will maintain its headquarters in Cincinnati. According to Dan DiMicco,...

  • Nucor plans to restart Kingman mill.  // Wire Journal International;Oct2008, Vol. 41 Issue 10, p13 

    The article reports that the U.S.-based Nucor Corp. will start its steel bar production in the second quarter of 2009, which is part of its $30 million project in Kingman, Arizona. The project includes the improvements in North Star Steel's plant, which the company acquired for $35 million with...

  • Steel maker recasts debate over free trade.  // Business North Carolina;Jul2003, Vol. 23 Issue 7, p8 

    Interviews Dan DiMicco, chief executive of Charlotte, North Carolina-based steel maker Nucor Corp. Discussion on currency manipulation; Significance of trade liberation in foreign investment in the U.S.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics