Skyline Steel acquired by Nucor
Nucor Corporation has completed the acquisition of the membership interest of Skyline Steel LLC and its subsidiaries for the purchase price of approximately $605 million. Skyline Steel LLC is now a wholly owned subsidiary of Nucor Corporation and will maintain its headquarters in Parsippany, New Jersey. Nucor expects the acquisition to be accretive in the next full fiscal year of ownership.
Skyline Steel LLC is a steel foundation distributor serving the U.S., Canada, Mexico and the Caribbean. Skyline distributes quality products to service the most 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 has 21 sales offices and a robust infrastructure comprised of processing and fabrication facilities, dozens of stocking locations, an efficient supply chain and exclusive engineering support. Skyline’s flagship products include hot rolled and cold formed sheet piles, H-piles and pipe piling. The company’s processing and fabricating capabilities include spiralweld pipe piling, rolled and welded pipe piling, cold formed sheet piling and threaded bar in Pennsylvania, Mississippi, Ohio, Illinois and Washington.