Nucor Corp. signed a Stock Purchase Agreement to acquire the
membership interests of Skyline Steel LLC and its subsidiaries from
ArcelorMittal for approximately $605 million. Skyline Steel will be a wholly
owned subsidiary of Nucor and will maintain its headquarters in Parsippany, N.J.
Skyline Steel is a premier steel foundation distributor serving the U.S.,
Canada, Mexico and the Caribbean. Skyline, which has 21 sales offices,
distributes high-quality products to service applications including marine
construction, bridge and highway construction, heavy civil construction, storm
protection, underground commercial parking, and environment containment
projects.
Skyline's flagship products include hot-rolled and cold-formed
sheet piles, H-piles and pipe piling. The company's processing and fabricating
capabilities include spiralweld pipe piling, rolled and welded pipe piling,
cold-formed sheet piling and threaded bar in Pennsylvania, Mississippi, Ohio,
Illinois and Washington.
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