SLX - Nucor Expands Beyond Steelmaking With Acquisition Of Rytec: Details | Benzinga
Nucor Corporation (NYSE:NUE) shares are trading lower after the company inked a deal to acquire Rytec Corporation in an all-cash transaction valued at $565 million.
The acquisition price equates to around 12.5 times Rytec’s estimated 2024 EBITDA.
Rytec manufactures high-speed Spiral rigid doors for various industries and durable fabric doors for specialized applications. The company prioritizes product development, investing heavily in technology and automation to ...