Nucor to acquire the Arkansas paint line facility of Precoat Metals.

Nucor, a producer of steel and related products, agreed to acquire the Arkansas paint line facility of Precoat Metals, an independent coil coating supplier. Financial terms were not disclosed. "Becoming a direct supplier of pre-painted sheet products is part of the execution of our long-term strategy of adding value for our customers by streamlining their procurement process. Purchasing this paint line has several advantages over building a new facility, including greatly accelerating Nucor's entrance into the painted products market with existing capacity and an experienced team. We will be able to diversify our product and market mix sooner, bringing value-added products to customers in construction, HVAC, garage door, lighting, transportation and other key pre-paint markets," Troy Brooks, Nucor Vice President.