Charlotte North Carolina US headquartered Nucor Corporation has completed its acquisition of CHI Overhead Doors from KKR & Co for USD 3.0 billion, which was announced in May 2022. CHI is a leading manufacturer of overhead doors for residential and commercial markets in the United States and Canada. CHI manufactures overhead door products for the residential and commercial applications, as well as rolling steel and rubber doors for commercial and industrial customers. The company has approximately 800 teammates across two manufacturing plants in Arthur, Illinois, and Terre Haute, Indiana, and regional warehouses located in California, Colorado, New Hampshire and New Jersey.Mr Dave Bangert, who has served as CEO of CHI since 2016, will continue to lead the business.Commercial overhead doors are used in warehousing and retail, areas that Nucor has focused its attention recently through other value-added products such as insulated metal panels CENTRIA, Metl-Span & TrueCore brands and steel racking solutions Hannibal Industries& Elite Storage Solutions. It is expected that the CHI acquisition will also benefit from Nucor's recent paint line investments at its Hickman in Arkansas and Crawfordsville in Indiana, sheet mills.Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; steel grating; and wire and wire mesh. Nucor, through The David J Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron & direct reduced iron; supplies ferroalloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.
Charlotte North Carolina US headquartered Nucor Corporation has completed its acquisition of CHI Overhead Doors from KKR & Co for USD 3.0 billion, which was announced in May 2022. CHI is a leading manufacturer of overhead doors for residential and commercial markets in the United States and Canada. CHI manufactures overhead door products for the residential and commercial applications, as well as rolling steel and rubber doors for commercial and industrial customers. The company has approximately 800 teammates across two manufacturing plants in Arthur, Illinois, and Terre Haute, Indiana, and regional warehouses located in California, Colorado, New Hampshire and New Jersey.Mr Dave Bangert, who has served as CEO of CHI since 2016, will continue to lead the business.Commercial overhead doors are used in warehousing and retail, areas that Nucor has focused its attention recently through other value-added products such as insulated metal panels CENTRIA, Metl-Span & TrueCore brands and steel racking solutions Hannibal Industries& Elite Storage Solutions. It is expected that the CHI acquisition will also benefit from Nucor's recent paint line investments at its Hickman in Arkansas and Crawfordsville in Indiana, sheet mills.Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; steel grating; and wire and wire mesh. Nucor, through The David J Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron & direct reduced iron; supplies ferroalloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.
