June 25, 2007
Nucor Corp. has announced that it has entered into a merger agreement pursuant to which Nucor will acquire Magnatrax Corp., via the merger of Magnatrax with a wholly owned subsidiary of Nucor, for a cash purchase price of approximately $280 million.
Operating through its seven fabricating plants along with the associated engineering service centers and transportation facilities located in various parts of the U.S., Magnatrax is a provider of custom-engineered metal building systems for the North American nonresidential construction market. Through its American Buildings Co., Kirby Buildings Systems, Gulf States Manufacturers, and CBC Steel Buildings subsidiaries and divisions, Magnatrax primarily sells, engineers, and fabricates custom metal building systems, which include primary and secondary wall and roof panels, trim, and accessories. The company also offers architectural metal roofing systems for new and retrofit construction, sells third-party metal building components (doors, skylights, etc.), and provides related transportation services through additional subsidiaries and divisions.