Steel Mills
Nucor buys Southwest Data Products for $115M
Written by Ethan Bernard
April 1, 2024
Nucor has acquired Southwest Data Products (SWDP), a manufacturer and installer of data center infrastructure, for $115 million.
The Charlotte, N.C.-based steelmaker also announced it has launched Nucor Data Systems. This is a new business unit that will serve customers in the data center infrastructure industry.
SWDP, with ~147 employees, has a manufacturing facility and offices in San Bernardino, Calif.
“The SWDP acquisition furthers our expand beyond strategy to invest in steel-centric businesses that operate outside of the cyclical nature of steel production,”Chad Utermark, Nucor EVP of new markets and innovation, said in a statement on Monday.
Nucor said the buy “creates a number of synergies with Nucor’s core steelmaking business.” The company noted that SWDP uses many types of steel as a raw material that can be supplied by Nucor facilities. These include sheet steel, steel tubing, and wire mesh.
“With our circular, recycling-based steel production process, sourcing steel from Nucor mills will ensure our nation’s green and digital economy is being built with low-embodied carbon steel,” Nucor added.
Ethan Bernard
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