Nucor sells wire products facility
Nucor Corporation has completed the sale of the assets of their Nucor Wire Products Pennsylvania facility located in New Salem, Pennsylvania, to an affiliate of Wire Mesh Corporation.
“We continually evaluate our businesses for long-term strategic fit and earnings potential. After careful evaluation of the wire mesh market and Nucor’s role in that market, we made the decision to sell these particular assets.” said James Darsey, Nucor’s executive vice president of bar products.
Nucor acquired the facility in October 2007 after purchasing the assets of Nelson Steel, Inc. Nucor is continuing to produce wire and wire mesh products at facilities located in Utah, Connecticut and Laurel LEC Operations in Canada.