Nucor Corporation announced that it has completed the acquisition of Cornerstone Building Brands' insulated metal panels (IMP) business for approximately $1 billion, subject to customary adjustments.
Following the acquisition, the CENTRIA and Metl-Span brands are now a part of the newly created Insulated Panel Group, which also includes the company's existing IMP brand, TrueCore. Jeff Carmean, vice president of Nucor Corporation, has been appointed as president of Nucor Insulated Panel Group.