Nucor completed the acquisition of Elite Storage Solutions for $75m.

Nucor, a producer of steel and related products based in Charlotte, completed the acquisition of Elite Storage Solutions, a steel racking manufacturer, for $75m. "We are excited to grow our steel racking capabilities with this acquisition of Elite Storage Solutions. Establishing a manufacturing presence in the southeast complements our existing steel racking business and allows us to serve our racking customers nationwide more efficiently. Elite was founded and operated by the South family since the early 1980's and in partnership with the Stein family, owners of Triple-S Steel, since 2017. This acquisition provides a growth platform for the Elite team as well as for Nucor," Giff Daughtridge, Nucor President of Sheet and Tubular Products.