Nucor Acquisition Of Gallatin Steel Receives Regulatory Approval
10/02/2014 - The Federal Trade Commission has approved Nucor’s US$770 million acquisition of Gallatin Steel Co. and the closing is expected in approximately 10 days.
"We are excited to be able to begin the process of integrating Gallatin Steel and our new teammates into the Nucor family," said John Ferriola, chairman, CEO and president of Nucor. "This acquisition is an important step in the execution of our company's strategy for profitable growth by enhancing Nucor's current position serving flat-rolled customers in the growing pipe and tube segment. It also further strengthens one of our competitive advantages — reliability for our customers."