Ambassador Steel to be acquired

June 12, 2008

Auburn-based Ambassador Steel Corp. has agreed to be bought by Harris Steel Inc., a unit of Charlotte, N.C.-based Nucor Corp., for $185 million. Nucor announced the deal today. Ambassador makes and distributes concrete-reinforcing steel and related products. The deal, pending regulatory approval, is expected to close by September. No details were provided about the impact to Ambassador employees.

Source: XMLFULL/XMLFull15892.xml

Recent Articles by IBJ Staff

Comments powered by Disqus