TS Tenaris

   By Tess Stynes 
 

Nucor Corp. (NUE) agreed to acquire electrical-conduit maker Republic Conduit from Tenaris SA for $335 million, the latest in a string of acquisitions that have been expanding the U.S. steelmaker's presence in the pipe-and-tube market.

Nucor, the country's biggest steelmaker by output, in recent months has purchased Independence Tube Corp. and reached a deal to acquire Southland Tube, expanding its position in the market for hollow structural section steel tubing.

Republic Conduit employs roughly 300 people across its two plants in Kentucky and Georgia. Its products are primarily used to protect and route electrical wiring in nonresidential buildings. The company also serves the power and industrial sectors.

Write to Tess Stynes at tess.stynes@wsj.com

(END) Dow Jones Newswires

December 15, 2016 17:03 ET (22:03 GMT)

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