CHARLOTTE, NC, June 24, 2022 /PRNewswire/ — Nucor Corporation (NYSE: NUE) announced today that it has completed its acquisition of CHI Overhead Doors (CHI) from KKR & Co. CHARLOTTE, NC, June 24, 2022 /PRNewswire/ — Nucor Corporation (NYSE: NUE ) announced today that it has completed its acquisition of CHI Overhead Doors (CHI) from KKR & Co. Inc. (NYSE: KKR ) for $3.0 billion. CHARLOTTE, North Carolina, June 24, 2022 /PRNewswire/ — Корпорация Nucor (NYSE: NUE) объявила сегодня о завершении сделки по приобретению компании CHI Overhead Doors (CHI) у KKR & Co. /PRNewswire/ — Nucor Corporation (NYSE: NUE) announced today that it has completed the acquisition of CHI Overhead Doors (CHI) from KKR & Co. Inc. (NYSE: KKR) for $3.0 billion. .北卡罗来纳州夏洛特，2022 年6 月24 日/美通社/ — 纽柯公司（纽约证券交易所代码：NUE）今天宣布，它已完成以30 亿美元从KKR & Co. North Carolina, June 24, 2022 /美通社/ — New York Corporation (NYSE: NUE) announced today that it has completed a $3 billion acquisition from KKR & Co. Inc. (NYSE: KKR) acquired CHI Overhead Doors (CHI). CHARLOTTE, North Carolina, June 24, 2022 /PRNewswire/ — Корпорация Nucor (NYSE: NUE) сегодня объявила о завершении сделки по приобретению компании KKR & Co. /PRNewswire/ — Nucor Corporation (NYSE: NUE) announced today that it has completed its acquisition of KKR & Co. Inc. (NYSE: KKR) to acquire CHI for $3 billion. Elevator doors (DVP). CHI is a leading manufacturer of residential and commercial overhead doors in the United States and Canada.
“We are thrilled to welcome our CHI teammates to the Nucor team,” said Leon Topalian, President and CEO of Nucor Corporation. “They have built a huge business with great growth potential, which is naturally in line with our capabilities. We look forward to working with their senior management team to deliver the next phase of growth for CHI and Nucor.”
“For all members of the CHI team and dealer partners, the opportunity to be part of Nucor offers tremendous potential for continued growth, supply chain continuity and new business collaborations,” said Dave, CEO of CHI since 2016, and Bangert, who will continue to lead the business. “This is an exciting day for all involved with CHI as we strive to be a vibrant part of the Nucor family and bring our collective culture to life.”
CHI manufactures overhead doors for residential and commercial applications, as well as steel and rubber doors for commercial and industrial customers. The company employs approximately 800 people at two manufacturing sites in Arthur, Illinois and Terre Haute, Indiana, as well as regional warehouses in California, Colorado, New Hampshire and New Jersey.
Nucor and its subsidiaries are steel and steel products manufacturers with manufacturing facilities in the US, Canada and Mexico. Manufactured products include: carbon and alloy steel – rods, beams, sheets and plates; hollow pipes for load-bearing structures; electrical conduits; steel frames; steel piles; steel beams and beams; steel decks; steel; precision casting; steel fasteners; metal building systems. , insulating sheet metal, steel grating and wire mesh. Nucor, through The David J. Joseph Company, also represents ferrous and non-ferrous metals, pig iron and direct reduced iron briquettes, supplies ferroalloys, and recycles ferrous and non-ferrous scrap. Nucor is the largest recycler in North America.
Certain statements contained in this press release are “forward-looking statements” that involve risks and uncertainties that we expect will or may occur in the future and may affect our business, financial condition and results of operations. The words “anticipate”, “believe”, “anticipate”, “intend”, “project”, “may”, “will”, “should”, “could” and similar expressions are intended to refer to these forward-looking statements. These forward-looking statements reflect the Company’s best judgment based on current information, and while we make these statements based on what we believe to be reasonable, there can be no assurance that future events will not affect the accuracy of such forward-looking statements. Information. Accordingly, forward-looking statements are not guarantees of future results, and actual results may differ materially from the forecasted results and expectations discussed in this press release. Factors that could cause the company’s actual results to differ materially from those expected in the forward-looking statements include, but are not limited to: (1) competitive sales and pricing pressures, including pressure from imports and substitute materials; (2) the impact on steel imports and exports, US policy and foreign trade; (3) the sensitivity of our results of operations to current market prices for steel and changes in the availability and cost of raw materials, including pig iron, iron ore and scrap; (4) the availability and cost of electricity and natural gas, which could adversely affect our steel production costs or delay or cancel existing or future drilling in our natural gas drilling programs; (e) critical equipment failures and service interruptions; (6) market demand for steel products, for many of our products (7) Impairment of the book value of inventories, equity investments, property, plant and equipment, goodwill or other long-term assets, (8) Uncertainty surrounding the global economy, including global excess steel capacity , inflation and changes in interest rates; (ix) exchange rate fluctuations; (10) significant changes in laws or government regulations affecting compliance with environmental regulations that may increase our energy, capital and operating costs or result in the cancellation of one or more of our licenses or make it more difficult to obtain license modifications; (xi) the cyclicality of the steel industry; (12) capital investments and their impact on our operations; (13) our safety record; (14) the impact of the COVID-19 pandemic and any variants of the virus. These and other factors are discussed in Nucor’s SEC regulatory filings, including “Item 1A. Risk Factors” of Nucor’s Form 10-K Annual Report for the year ended December 31, 2021. The forward-looking statements contained in this press release are current only as of this date, and Nucor undertakes no obligation to update them, except as required by applicable law.
Post time: Oct-29-2022