Nucor Completes Purchase of Insulated Metal Panels Business
08/11/2021 - Nucor Corp. has officially acquired Cornerstone Building Brands’ insulated metal panels (IMP) business for a price tag of around US$1 billion, the steelmaker announced yesterday.
In a press release, Nucor said that it has successfully completed its purchase of Cornerstone’s CENTRIA and Metl-Span IMP divisions. The two brands, along with Nucor IMP subsidiary TrueCore, will now make up the new Nucor Insulated Panel Group. The deal was first announced in June 2021.
“We are excited to officially welcome our CENTRIA and Metl-Span teammates as part of the Nucor team,” said Jeff Carmean, president of Nucor Insulated Panel Group, in a statement. “Adding these two brands to our Insulated Panel Group will allow us to provide our customers with a full range of products to service high-end architectural applications, as well as the quickly expanding cold storage and warehousing markets.”
“We are excited to officially welcome our CENTRIA and Metl-Span teammates as part of the Nucor team,” said Jeff Carmean, president of Nucor Insulated Panel Group, in a statement. “Adding these two brands to our Insulated Panel Group will allow us to provide our customers with a full range of products to service high-end architectural applications, as well as the quickly expanding cold storage and warehousing markets.”
