Deal Snapshot
Nucor to Acquire Steel Racking Manufacturer Hannibal Industries
Thursday 22 July 2021

US-based steel and steel products maker Nucor Corp. (NYSE: NUE) has entered into an agreement to purchase Hannibal Industries, Inc. for USD 370m, which represents 6.9x EBITDA for the trailing-twelve months ended March 2021, the company said.

The company is a national provider of racking solutions to warehouses and serves the e-commerce, industrial, food storage and retail segments. Pending approvals, Nucor will purchase 100% of Hannibal Industries' outstanding shares from its Employee Stock Ownership Plan.

Date Published: 22/07/2021