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Nucor to Acquire Steel Racking Manufacturer Hannibal Industries, Inc.

Home / Stock Analysis / Nucor to Acquire Steel Racking Manufacturer Hannibal Industries, Inc.
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Nucor to Acquire Steel Racking Manufacturer Hannibal Industries, Inc.

20 Jul Stock Analysis

CHARLOTTE, N.C., July 20, 2021 /PRNewswire/ — Nucor Corporation (NYSE: NUE) announced today that it has entered into an agreement to purchase Hannibal Industries, Inc. for $370 million, which represents 6.9x EBITDA for the trailing-twelve months ended…

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