Nucor (NUE) Expands Portfolio With $565M Acquisition of Rytec
Nucor(NUE) ZACKS·2024-06-05 00:36
Nucor Corporation (NUE) announced an agreement to acquire Rytec Corporation, a leading manufacturer and seller of high-speed, high-performance commercial doors, for $565 million in an all-cash transaction. This represents approximately 12.5 times Rytec's projected 2024 EBITDA. Rytec, with more than 300 employees and two manufacturing facilities in Wisconsin, is renowned for its high-performance commercial doors.Rytec is a leader in high-performance commercial doors and serves several growing end-user market ...