Nucor Corporation NUE
announced today that they have completed the sale of the assets of their Nucor
Wire Products Pennsylvania facility located in New Salem, Pennsylvania, to an
affiliate of Wire Mesh Corporation.
"We continually evaluate our businesses for long-term strategic fit and
earnings potential. After careful evaluation of the wire mesh market and
Nucor's role in that market, we made the decision to sell these particular
assets. The Nucor Wire Products Pennsylvania teammates are a group of hard
working and dedicated individuals. We greatly appreciate their efforts to
produce high quality wire mesh," said James Darsey, Nucor's Executive Vice
President of Bar Products.
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