U.S. Steelmaker Nucor to Buy Independence Tube for $435 Million

  • Deal is part of Nucor’s push into value-added products
  • Price is about six times average Ebitda, company says

Nucor Corp., the largest U.S. steelmaker, agreed to acquire Independence Tube Corp. for $435 million as metal producers benefit from a recovery in prices and look to boost their presence in value-added products.

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