A company with Shelbyville ties is expanding again.
Nucor has announced that it is buying an overhead door manufacuterer based in Illinois. The $3 billion deal should close in June.
Nucor, based in Charlotte, North Carolina, will purchase C.H.I. Overhead Doors. C.H.I makes overhead doors products for residential and industrial customers along with rolling steel and rubber doors. It has over 800 employees in Arthur, Illinois, and Terre Haute. There are also regional warehouses across the country.
Nucor has also recently added a $1 billion acquisition of two insulated metal panel brands from Cornerstone Building Brands and a steelracking manufactuerer, Elite Storage Solutions, for $75 million.
Nucor employs almost 27,000 workers throughout its more than 300 facilities in the U.S., Canada and Mexico.
The North Carolina-based steel products maker Nucor Corp. (NYSE: NUE) has acquired the state-of-the-art coil processing facility in Shelbyville last year. In addition to coil processing, Nucor is expanding its fastener manufacturing capabilities by installing bolt making equipment at the Shelbyville facility.
