Steel Mills
Nucor Acquires Southland Tube
Written by Sandy Williams
December 6, 2016
Nucor Corp. announced today that it will acquire Southland Tube, a manufacturer of hollow structural section (HSS) tubing for $130 million.
Southland Tube is located in Birmingham, Alabama and is the third largest provider of HSS steel tubing in the HSS market with annual shipments of approximately 240,000 tons. HSS is used in structural and mechanical applications including nonresidential construction, infrastructure, and heavy equipment end-use markets.
“The acquisition of Southland Tube is an excellent fit for our Nucor family and our strategy for profitable growth,” said John Ferriola, Chairman, CEO and President of Nucor. “It complements our recent acquisition of Independence Tube in the HSS steel tubing market. We see this market as a great opportunity to leverage Nucor’s capabilities and strengths while also adding to our portfolio of products and services for our customers.”
Sandy Williams
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