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Nucor to acquire cold finishing plants

August 10, 2017 - Nucor Corp. agreed to acquire St. Louis Cold Drawn Inc., which cold draws round, hexagon and square bars, in addition to special sections. The company primarily serves the U.S. and Mexican automotive and industrial markets.

"This acquisition fits with our planned growth strategy by expanding [our] market leadership in cold-finished bar products. It also creates synergies with our bar mills by providing an additional channel to market for the special bar quality (SBQ) products we produce," said John Ferriola, Nucor’s chairman, president and CEO. "The acquisition of St. Louis Cold Drawn complements our long-term strategy to profitably grow our value-added product portfolio."

St. Louis Cold Drawn employs 125 people and has finishing plants in St. Louis, Missouri, and Monterrey, Mexico, that have a combined annual capacity of 200,000 tons. The addition of these facilities will increase the total annual capacity of Nucor's cold finished bar and wire facilities to more than 1.1 million tons.

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