Steel Mills

Nucor Completes $3B Acquisition of C.H.I. Overhead Doors

Written by David Schollaert

June 24, 2022

Nucor Corp. completed its $3 billion acquisition of C.H.I. Overhead Doors from KKR & Co. Inc.

C.H.I. is a manufacturer of residential and commercial overhead and rolling doors, also known as garage doors. It serves US and Canadian markets.

The deal expands the Charlotte, N.C.-based steelmaker’s long-term strategy to expand its manufacturing model to provide end-market solutions to the construction and infrastructure markets, Nucor president and CEO Leon Topalian said.

“We are very excited to welcome our C.H.I. teammates to the Nucor team… a natural fit with our capabilities,” he said. “We look forward to working with their senior management team to execute the next phase of growth for C.H.I. and Nucor.”

“For all C.H.I. teammates and dealer partners, the opportunity to be part of Nucor going forward offers great potential for continued growth, supply-chain continuity and new business collaboration,” C.H.I. CEO Dave Bangert said.

C.H.I. has approximately 800 employees across manufacturing plants in Arthur, Ill., and Terre Haute, Ind., as well as in regional warehouses located in California, Colorado, New Hampshire, and New Jersey.

By David Schollaert, David@SteelMarketUpdate.com

 

David Schollaert

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

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