Nucor Completes Deal for Skyline Steel

Nucor Corp., Charlotte, N.C., has completed the acquisition of Skyline Steel LLC and its subsidiaries for $605 million. With the acquisition Skyline Steel LLC becomes a wholly owned subsidiary of Nucor Corp. Skyline will maintain its headquarters in Parsippany, N.J.

In a press release, Dan DiMicco, Nucor chairman and CEO, says, "We are pleased to announce the successful acquisition of one of the leading piling distribution and production companies in North America. Skyline has been a leading partner in the growth of piling production for the last 20 years, and we are excited to welcome them to the Nucor family."

Skyline Steel distributes products to service challenging applications including marine construction, bridge and highway construction, heavy civil construction, storm protection, underground commercial parking and environment containment projects in the infrastructure and construction industries.

Skyline also will retain exclusive rights to distribute ArcelorMittal's piling and foundation products, including sheet piling, in North America and the Caribbean.