CHARLOTTE, N.C. (AP) — Steel recycler Nucor Corp. said Thursday that it completed its $605 million acquisition of a steel distribution unit of ArcelorMittal, expanding its reach in the North American construction industry.
Skyline Steel LLC is now a subsidiary of Nucor, but will keep its headquarters in Parsippany, N.J. Nucor said it expects the addition to boost its profit in the first full fiscal year of ownership.
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