Hannibal: Nucor completes $370 million acquisition of Hannibal Industries

Nucor announced that it has successfully completed its acquisition of Hannibal Industries, a national provider of steel racking solutions, for a cash purchase price of $370 million. Nucor purchased 100 percent of Hannibal Industries' outstanding shares from its Employee Stock Ownership Plan (ESOP). "We are excited to officially welcome our Hannibal t...