Nucor Completes Acquisition of Insulated Metal Panels Business
US steel maker Nucor Corporation has successfully completed its acquisition of Cornerstone Building Brands' insulated metal panels business for a cash purchase price of approximately USD 1 billion, subject to customary adjustments. The Nucor management team is in place and the CENTRIA and Metl-Span brands acquired from Cornerstone Building Brands are now a part of the newly created Insulated Panel Group, which also includes the Company's existing IMP business, TrueCore.
Nucor Insulated Panel Group President Mr Jeff Carmean said "We are excited to officially welcome our CENTRIA and Metl-Span teammates as part of the Nucor team. Adding these two brands to our Insulated Panel Group will allow us to provide our customers with a full range of products to service high-end architectural applications, as well as the quickly expanding cold storage and warehousing markets."