Nucor to Acquire Plate Mill in Texas

CHARLOTTE, N.C., July 20, 2016 — Nucor Corporation announced today that it has agreed to acquire Joy Global’s steel plate mill in Longview, Texas, for approximately $29 million. The mill produces carbon and alloy plate products with heat-treating capabilities and has an annual capacity of 180,000 tons.

“This acquisition builds on our strategy to capture a growing share of higher value-added plate products and complements the capabilities of our two existing plate mills,” said John Ferriola, Chairman, CEO and President of Nucor. “The Longview mill will serve as a valuable addition to Nucor’s plate product offerings, which we believe can be further leveraged by our Nucor commercial team.”