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New Deal


Announced

Completed

Nucor completed the acquisition of Hannibal Industries for $370m.

Financials

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Transaction Value£271m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Single Bidder

Majority

United States

Friendly

Domestic

Steel Racking

Metal Fabricating

Private

Completed

Synopsis

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Nucor, a steel and steel products manufacturer, completed the acquisition of Hannibal Industries, a steel racking manufacturer, for $370m. "Acquiring Hannibal Industries gives us a new growth platform and broadens our offering to the fast-growing warehouse channel, and complements our current product capabilities, including beams, joists and deck, metal buildings and insulated metal panels," Leon Topalian, Nucor President and CEO.

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