Nucor Corp., Charlotte, N.C., announced plans to acquire TrueCore, LLC, a Laurens, S.C.-based insulated metal panel manufacturing company serving the cold storage market.
"This acquisition fits well with our strategy to profitably grow our value-added product portfolio and provides great synergies with Nucor Buildings Group. As the market leader in metal buildings, we currently utilize a high volume of insulated panels for buildings we design and manufacture," says Chad Utermark, executive vice president, fabricated construction products for Nucor.
"We are excited to be in this business. The TrueCore products are outstanding and the TrueCore team is exceptional," says Jeff Carmean, president of Nucor Buildings Group. "The TrueCore founding partners, Conor Lowery, Dean Soll and Sara Truhlar, will remain with the company and bring significant industry experience and unparalleled commitment to the insulated panel market. Their uncompromising devotion to quality and customer service align perfectly with our core values."
All 26 of TrueCore’s employees will become part of Nucor Buildings Group.
"TrueCore is very excited to join the Nucor family. Since entering the industry, customer response to TrueCore has been extraordinary," says Conor Lowery, director of operations for TrueCore. "We can now scale this company faster to meet the growing demand. We already have plans to add additional products to our portfolio, including insulated roof panels and a line of fire-rated panels. In the coming months, we will also begin construction on new facilities to serve the Western and Midwestern markets. We are excited about TrueCore's future as part of Nucor."