20
Jul
21:17
Nucor to acquire Hannibal Industries for $370m
Charlotte, North Carolina-based steel producer Nucor has entered into agreement to acquire Los Angeles, California-based steel racking manufacturer Hannibal Industries for $370 million, Kallanish understands.
In a statement this week, Nucor announced an acquisition agreement for the steel racking manufacturer totalling $370m representing almost seven times Hannibal Industries' 12-month earnings ending March 2021. Hannibal Industries is a manufacturer…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous