CENTURY TUBE HAS BEEN ACQUIRED BY NUCOR CORPORATION
Birmingham, Michigan – April 15, 2019 – Angle Advisors is pleased to announce that Nucor Corporation (“Nucor”) has acquired certain assets from Century Tube LLC (“Century Tube” or the “Company”). Angle Advisors acted as the exclusive investment banking advisor to Century Tube in completing this transaction.
Based in Madison, Indiana, Century Tube is a leading supplier of carbon steel tubing for automotive and other mechanical and structural applications. Century Tube offers round, square, rectangular, oval, and other special welded shapes of mechanical steel tubing. The Company is a leader in supplying induction heat treated tubes for automotive applications and are specialists in producing tubes for door intrusion beams. Since 1993, Century Tube has produced over 300 million door impact beams for use in Toyota, Honda, Ford, FCA, Subaru, Nissan, and Mitsubishi vehicles. The Company operates from a 280,000 square foot facility located on 33 acres.
Nucor Corporation is a manufacturer of steel and steel products, with operating facilities primarily in the U.S. and Canada. Products produced include: carbon and alloy steel — in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; steel grating; and wire and wire mesh. Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America’s largest recycler. For more information, please visit www.nucor.com.
Angle Advisors, with offices in the United States, Germany, the United Kingdom, and China, specializes in mergers and acquisitions and capital raising with a particular emphasis on the vehicular and industrial sectors. The firm’s professionals have completed 204 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.