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

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.