Nucor Acquires 96 Percent of Harris Steel

Nucor Corp. announced that it has acquired roughly 96 percent of the stock in Harris Steel. Nucor expects to complete the acquisition of the remaining shares of Harris, and delist the company’s tock from the Toronto Stock Exchange in the near future.

Harris Steel has several business units: Harris Rebar, which is involved in the fabrication and placing of concrete reinforcing steel and the design and installation of concrete post-tensioning systems; Laurel Steel, which is a manufacturer and distributor of wire and wire products, welded wire mesh and cold finished bar; and Fisher & Ludlow, which is a manufacturer and distributor of heavy industrial steel grating, aluminum grating and expanded metal.