Steel company will continue to produce wire products at its facilities in Utah, Connecticut and Canada.
Nucor Corp., headquartered in Charlotte, N.C., has sold the assets of its Nucor Wire Products Pennsylvania facility in New Salem, Pa., to an affiliate of Wire Mesh Corp., based in Jacksonville, Fla.
James Darsey, Nucor executive vice president of bar products, says, "We continually evaluate our businesses for long-term strategic fit and earnings potential. After careful evaluation of the wire mesh market and Nucor's role in that market, we made the decision to sell these particular assets.
“The Nucor Wire Products Pennsylvania teammates are a group of hard working and dedicated individuals. We greatly appreciate their efforts to produce high quality wire mesh," Darsey adds.
Nucor acquired the New Salem facility in October 2007 after purchasing the assets of Nelson Steel Inc. Nucor continues to produce wire and wire mesh products at facilities in Utah and Connecticut as well as at its Laurel LEC operations in Canada.