Nucor acquires two companies
Nucor Corporation announced that its wholly owned subsidiary,
The David J. Joseph Company (DJJ), has signed a purchase
agreement to acquire the assets of the American Compressed
Steel operations of Secondary Resources, Inc. American
Compressed is based in Kansas City, Missouri. In addition,
DJJ has completed the acquisition of substantially all
the assets of Victoria, Texas-based Victoria Recycling.
American Compressed Steel was founded over 50 years ago.
In addition to the Kansas City location, American Compressed
also operates facilities in St. Joseph and Sedalia, Missouri.
American Compressed employs 112 people and processes
nearly 180,000 tons annually. The acquisition is expected
to close within 30 days.
Victoria Recycling was founded in 2007. Victoria Recycling
employs 13 people and processes over 24,000 tons annually.
Upon acquisition, American Compressed Steel will become
part of DJJ’s Advantage Metals Recycling group. Since
early June, Victoria Recycling has been affiliated with
Texas Port Recycling, another DJJ regional company.