CHARLOTTE, N.C., March 1, 2017 /PRNewswire/ -- Nucor Corporation
(NYSE: NUE) announced today that it has acquired the assets of
Omega Joist, a subsidiary of Samuel, Son & Co., Limited. Omega
Joist produces open web steel joists at its manufacturing facility
located in Nisku, Alberta, and
also has sales offices in western British
Columbia and southern Alberta.
"We are excited to grow our joist and decking business in
Canada with the acquisition of
Omega Joist. This acquisition complements the Vulcraft facility we
are currently constructing in Ancaster,
Ontario," said Ray Napolitan,
Executive Vice President, Fabricated Construction Products. "We are
committed to growing our joist and deck business in Canada and this acquisition is another
important step in our growth strategy."
Omega Joist has 43 employees, will operate as Vulcraft-Omega and
will become part of Nucor's eleven other joist and deck production
facilities. Nucor plans to add additional products to
Vulcraft-Omega's product portfolio, including steel deck.
Vulcraft-Omega is Nucor's fifth facility in Alberta, joining three Harris Rebar facilities and one Fisher &
Ludlow facility. Vulcraft-Omega teammates join Nucor's nearly 2000
teammates in Canada.
Nucor and its affiliates are manufacturers of steel products,
with operating facilities primarily in the U.S. and Canada.
Products produced include: carbon and alloy steel -- in bars,
beams, sheet and plate; hollow structural section tubing;
electrical conduit; steel piling; steel joists and joist girders;
steel deck; fabricated concrete reinforcing steel; cold finished
steel; steel fasteners; metal building systems; steel grating; and
wire and wire mesh. Nucor, through The David J. Joseph
Company, also brokers ferrous and nonferrous metals, pig iron and
HBI/DRI; supplies ferro-alloys; and processes ferrous and
nonferrous scrap. Nucor is North
America's largest recycler.
Certain statements contained in this news release are
"forward-looking statements" that involve risks and
uncertainties. The words "believe," "expect," "project,"
"will," "should," "could" and similar expressions are intended to
identify those forward-looking statements. Factors that might
cause the Company's actual results to differ materially from those
anticipated in forward-looking statements include, but are not
limited to: (1) competitive pressure on sales and pricing,
including competition from imports and substitute materials; (2)
the sensitivity of the results of our operations to prevailing
steel prices and the changes in the supply and cost of raw
materials, including scrap steel; (3) market demand for steel
products; and (4) energy costs and availability. These and
other factors are discussed in Nucor's regulatory filings with the
Securities and Exchange Commission, including those in Nucor's
fiscal 2016 Annual Report on Form 10-K, Item 1A. Risk
Factors. The forward-looking statements contained in this
news release speak only as of this date, and Nucor does not assume
any obligation to update them.
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SOURCE Nucor Corporation