Nucor to acquire Hannibal Industries

Steel and steel products manufacturer Nucor Corp., Charlotte, N.C., has entered into an agreement to purchase Hannibal Industries Inc., a provider of racking systems to warehouses.

Hannibal Industries has manufacturing facilities in Los Angeles and Houston, as well as three distribution centers. It uses sheet and bar steel, as well as steel decking, wire deck, and fasteners, to produce its racking systems, providing potential supply chain efficiencies with other Nucor businesses. Hannibal also offers turnkey services such as installation, procurement, and facility integration.