Nucor to acquire Summit Structures LLC

Nucor Corp., Charlotte, N.C., has entered into an agreement to acquire Summit Utility Structures LLC and related company, Sovereign Steel Manufacturing LLC, producers of metal poles and other steel structures for utility infrastructure and highway signage.

These companies will become part of a new business unit, Nucor Towers & Structures, serving the utility, transportation, and telecommunication sectors.

"These acquisitions create a new growth platform for our company to provide engineered solutions for utility infrastructure and construction projects. The markets for transmission and telecommunication towers are forecast to experience strong growth for decades," said Chad Utermark, executive vice president of new markets and innovation. "The creation of Nucor Towers & Structures strongly complements our plate capabilities while also adding a new dimension to our arsenal of value-added downstream products such as joists and deck, hollow structural section tubes, metal buildings, insulated metal panels, racking systems, piling and foundation solutions, and shortly, overhead doors."