Market Segment
December 12, 2019
Another Downstream Acquisition for Nucor
Written by Sandy Williams
Nucor announced the acquisition of another downstream company, TrueCore, a manufacturer of insulated metal panels for the cold storage market.
“This acquisition fits well with our strategy to profitably grow our value-added product portfolio and provides great synergies with Nucor Buildings Group. As the market leader in metal buildings, we currently utilize a high volume of insulated panels for buildings we design and manufacture,” said Chad Utermark, Executive Vice President, Fabricated Construction Products.
TrueCore founding partners Conor Lowery, Dean Soil and Sara Truhlar will remain with the company. Lowery, Director of Operations for TrueCore, said they are excited to join the Nucor family.
“We can now scale this company faster to meet the growing demand. We already have plans to add additional products to our portfolio, including insulated roof panels and a line of fire-rated panels. In the coming months, we will also begin construction on new facilities to serve the Western and Midwestern markets,” said Lowery.
TrueCore is located in Laurens, S.C., and currently has 26 employees.
Nucor’s family of brands includes American Buildings, CBC Steel Buildings, Astralloy, David J. Joseph, Kirby Building Systems, Laurel Steel, Harris Rebar and Nucor Skyline. In November 2018, Nucor acquired POK, a precision castings company, in Guadalajara, Mexico.
