January 10, 2005
Nucor Corp. has announced that it has entered into an agreement to purchase substantially all of the assets of Fort Howard Steel Inc.'s Oak Creek, Wis., operations. The finalization of the acquisition will occur after satisfactory resolution of regulatory approvals, transfer of appropriate permits and other contracts, and other closing conditions.
Fort Howard is one of the leading producers of cold finished bar product in North America. Located in Oak Creek, Fort Howard has approximately 140,000 tons of annual capacity in size ranges up to six-in. rounds.
The transaction is expected to close in mid February of 2005.