Nucor names COO John J. Ferriola CEO, effective January 1, 2013 Daniel R. DiMicco, CEO of Nucor announced that he is passing this privilege and responsibility on to current president and COO, John J. Ferriola. Ferriola will follow DiMicco as CEO effective January 1, 2013.
Nucor sees Gallatin Steel acquisition immediately accretive to cash flow Nucor announced that it has closed on its purchase of all the equity of Gallatin Steel Company for approximately $770M. Adjusting for the net present value of the anticipated tax benefits, the realized effective purchase price for Nucor is approximately $630M. The purchase is expected to be immediately accretive to cash flow and accretive to earnings after working through purchase accounting-valued finished goods inventories.