Nucor to acquire Rytec for $565m.

Nucor, a steel production company, agreed to acquire Rytec, a high-cycle, high-speed doors manufacturer, for $565m. "Rytec is a leader in high-performance commercial doors and serves several growing end-user markets. This acquisition further executes our strategy to expand beyond our core steelmaking businesses into related downstream businesses. Adding high-performance doors will create cross-selling opportunities with other Nucor businesses and greatly expand Nucor's product portfolio serving the commercial arena. Rytec has a strong cultural fit with Nucor, and we are excited to welcome the Rytec teammates to the Nucor family," Leon Topalian, Nucor Chair, President and CEO.