Steel Mills
Nucor Acquires Coil Processing Facility, Expands Fastener Division
Written by David Schollaert
October 7, 2021
Nucor Corp. is expanding its Fastener Division with the acquisition of a coil processing facility in Shelbyville, Ind.
The latest asset will complement upgrades planned at the company’s engineered bar mill in Nebraska, allowing the steelmaker to expand its sales to the automotive market.
Nucor Fastener is a division of the Charlotte, N.C.-based steelmaker that makes cap screws, hex bolts, nuts and bolt assemblies. The company said it has purchased a state-of-the-art steel coil processing facility that has an automated clean and coat line, short-cycle furnace, and wire drawing capabilities for fastener manufacturing. Bolt-making equipment will be installed to further expand the facility.
“We are excited to grow our Fastener Division with the acquisition of these assets,” said Joey Loosle, Nucor Fastener’s general manager. “Adding bolt making capability to the Shelbyville facility will help expand our offerings to the automotive, heavy truck, industrial/MRO and structural fastener markets. Nucor Fastener is already a leader in steel fasteners and this expansion will further enhance that position.”
Nucor neither disclosed the purchase price nor from whom it is buying the plant, but said the facility will immediately add 33 workers to Nucor Fastener’s already 240-person staff. After the expansion, that number could double as the plant reaches full capacity.
By David Schollaert, David@SteelMarketUpdate.com
David Schollaert
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