WASHINGTON (dpa-AFX) - Monday, Nucor Corp. (NUE) announced its acquisition
agreement with Rytec Corp., a company specializing in high-speed commercial
doors, for $565 million in an all-cash deal.

Nucor emphasized that this transaction equates to around 12.5 times Rytec's
projected 2024 EBITDA.

Leon Topalian, Nucor's Chair, President, and CEO said, 'Adding high-performance
doors will create cross-selling opportunities with other Nucor businesses and
greatly expand Nucor's product portfolio serving the commercial arena.'

Currently, NUE's stock is trading at $168.32, down 0.24% on the New York Stock
Exchange.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX