Comment on Chicago steel products maker sold for $435 million

Chicago steel products maker sold for $435 million

Nucor Corp. has announced a $435 million deal to purchase the Chicago-based steel products manufacturer Independence Tube Corp. as the Charlotte steel giant continues to expand its slate of value-added products. The Chicago company makes hollow structural steel tubing at four plants in Alabama and Illinois. Nucor announced last month it was spending about $15 million to expand its spiral pipe plant in Iuka, Miss.

 

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