Jump to content

Nucor $1.07 billion acquisition


SmellyCat

Recommended Posts

  • Replies 7
  • Created
  • Last Reply

Perhaps this will add a job or two at Nucor's headquarters, but Nucor's famous policy of decentralized management means they delegate nearly all managerial duties to the individual subsidiaries, rather than retaining a large staff at HQ. It's likely that they'll keep most of Harris's managerial staff as it is and where it is after this acquisition.

Despite their $12+ billion in annual revenues, Nucor reportedly employs just 66 people at their main office in Charlotte. In this respect, it seems that Nucor behaves almost as a holding company rather than as an actual manufacturer of steel.

Link to comment
Share on other sites

I remember reading a blurb about this when I was in Vancouver a few weeks ago. It was in the local Vancouver paper as a rumor of a potential merger.

As a side note everyday I was out there, I saw a blurb about Charlotte or North Carolina either in their local paper or on their local news. Also found out that Duke Energy has a skyscraper right in downtown Vancouver.

Link to comment
Share on other sites

There are at least two steel foundries in Charlotte. One on Hwy 115 just north of Harris Blvd. It reprocesses scrap steel into new steel and the glow of the blast furnaces can be seen from the hwy. The other is on Wilkinson Blvd. (not sure what they do) Is Nucor responsible for either of these operations?

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site you agree to our Terms of Use and Privacy Policy. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.