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Nucor Acquires Rytec Corp. The Manufacturer Of High-Performance Commercial Doors For $565M In Cash

Author: Benzinga Newsdesk | June 03, 2024 09:19am

Nucor Corporation (NYSE:NUE) announced today that it has entered into an agreement to acquire Rytec Corporation, a manufacturer and seller of high-speed, high-performance commercial doors. The all-cash transaction is valued at $565 million, which represents approximately 12.5x Rytec's estimated 2024 EBITDA. With over 300 teammates operating out of two manufacturing facilities in Wisconsin, Rytec is widely considered to be the pre-eminent brand for high-performance commercial doors.

Posted In: NUE