Since 2007, Nucor has made the two biggest acquisitions in its history, one to help control its raw material supply and the other to expand its product line.
In January 2007, Nucor agreed to pay $1.07 billion dollars for Canada's Harris Steel Co. The deal allowed Nucor to expand its presence in the type of steel used to build bridges, highways and other infrastructure projects, according to media reports.
And in February 2008, Nucor agreed to pay $1.4 billion for DJJ, one of the largest scrap brokerages. Analysts said the deal would help Nucor pocket more of its sales.
Prior to 2007, Nucor had a single brand, Nucor Building Systems which consists of four facilities in Indiana, South Carolina, Texas, and Utah. In August 2007, Nucor acquired the four brands of Magnatrax (American Buildings Company, Gulf States Manufacturers, Kirby Building Systems and CBC Steel Buildings) for $280 million to bolster it share in the pre-engineered metal building systems market. As a result Nucor Buildings Group was created.
In May 2008, Nucor also announced two joint ventures overseas to capitalize on thriving construction markets outside the U.S.
Nucor had sales of $11.19 billion in 2009 and employed 20,400 workers. The 2009 loss of $293 million posted by Nucor was its first annual loss since 1966. "Nucor 2009 Annual Report"
Steel products produced include:
Bars (carbon and alloy steel)
Fabricated concrete reinforcing steel
Cold finished steel
Metal building systems
Light gauge steel framing
Wire and wire mesh
In addition, through DJJ, Nucor also brokers ferrous and nonferrous metals, pig iron and HRI/DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap.