North Carolina-based steel products maker Nucor Corp. (NYSE: NUE) says it is expanding its Indiana operations with the acquisition of a coil processing facility in Shelbyville. Terms of the deal were not disclosed, however Nucor says it intends to expand its steel fastener manufacturing capabilities at the plant.
The company says it will initially add 33 workers as part of the expansion, but it plans to double that number when it reaches full capacity.
“We are excited to grow our Fastener Division with the acquisition of these assets,” said Joey Loosle, general manager of Nucor Fastener. “Adding bolt making capability to the Shelbyville facility will help expand our offerings to the automotive, heavy truck, industrial/MRO and structural fastener markets.”
Nucor Fastener, which is a division of Nucor Corp, is based out of a facility the Dekalb County town of St. Joe and employs 240 workers. Nucor operates ten facilities throughout the state, according to the company website.