Nucor to Acquire Manufacturer of Steel Utility Structures.
MANews-(C)2009-2022
US-based steelmaker Nucor Corp. (NYSE: NUE) has entered into an agreement to acquire Summit Utility Structures LLC and related firm Sovereign Steel Manufacturing LLC, the company said.
The acquired companies are producers of metal poles and other steel structures for utility infrastructure and highway signage.
These companies will become part of a new business unit, Nucor Towers and Structures, serving the utility, transportation and telecommunication sectors.
While the acquired companies are ideally suited to service the...
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