Nucor Announces Sale of Wire Products Facility In Pennsylvania

Aug 24, 2012, 14:03 ET from Nucor Corporation

CHARLOTTE, N.C., Aug. 24, 2012 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that they have completed the sale of the assets of their Nucor Wire Products Pennsylvania facility located in New Salem, Pennsylvania, to an affiliate of Wire Mesh Corporation. 

"We continually evaluate our businesses for long-term strategic fit and earnings potential.  After careful evaluation of the wire mesh market and Nucor's role in that market, we made the decision to sell these particular assets.  The Nucor Wire Products Pennsylvania teammates are a group of hard working and dedicated individuals.  We greatly appreciate their efforts to produce high quality wire mesh," said James Darsey, Nucor's Executive Vice President of Bar Products.

Nucor acquired the facility in October 2007 after purchasing the assets of Nelson Steel, Inc.  Nucor is continuing to produce wire and wire mesh products at facilities located in Utah, Connecticut and Laurel LEC Operations in Canada.

Nucor and affiliates are manufacturers of steel products, with operating facilities primarily in the U.S. and Canada. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; steel grating and expanded metal; and wire and wire mesh. Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and HBI/DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap.  Nucor is North America's largest recycler.

SOURCE Nucor Corporation