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Nucor Corporation to acquire Rytec Corporation for $565 million

PUBLIC · NUEJun 03, 2024

Acquiring Company

Nucor

Acquired Company

Rytec Corporation

CharlotteJacksonManufacturingManufacturing

Description

Nucor Corporation has announced its acquisition of Rytec Corporation, a manufacturer of high-speed, high-performance commercial doors, valued at $565 million. This strategic move is in line with Nucor's expansion strategy beyond its core steelmaking businesses into related downstream businesses, creating cross-selling opportunities and expanding its product portfolio to serve the commercial arena.

Quick answer

Nucor is acquiring Rytec Corporation for $565 million, announced June 3, 2024. Nucor is based in Charlotte, North Carolina, United States.

How much did Nucor pay for Rytec Corporation?
The reported deal value is $565 million.
What does Nucor do?
Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico.
Where are Nucor and Rytec Corporation based?
Nucor is based in Charlotte, North Carolina, United States. Rytec Corporation is based in Jackson, Wisconsin, United States.
Who are the decision-makers at Nucor?
Fundz holds 3 contacts at Nucor. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Nucor

Location

1915 Rexford Rd

Charlotte, North Carolina, United States

About

Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; wire and wire mesh; and utility structures. Nucor, through The David J. Joseph Company and its affiliates, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.

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Frequently asked

Who acquired Rytec Corporation?

Rytec Corporation was acquired by Nucor, based in Charlotte. The deal was reported on June 3, 2024. Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Nucor is publicly traded (NUE) and operates in Manufacturing.

When did Nucor acquire Rytec Corporation?

Nucor's acquisition of Rytec Corporation was reported on June 3, 2024. Nucor Corporation has announced its acquisition of Rytec Corporation, a manufacturer of high-speed, high-performance commercial doors, valued at $565 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Rytec Corporation do?

Rytec Corporation is a manufacturer and seller of high-speed, high-performance commercial doors. It is privately held, operating in Manufacturing, and is based in Jackson.

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