Nucor Corp. has entered into a definitive agreement to acquire Hannibal Industries, an employee stock ownership plan (ESOP) company.
Acquiring Hannibal will give Nucor a new growth platform and further deepen its ability to serve warehouse and distribution customers. Lincoln International acted as the exclusive financial advisor to Hannibal, working closely with the shareholders and the management team throughout the sale process.
Hannibal is a provider of steel products and end-to-end warehouse storage solutions. The company’s products and services are utilized across a variety of end markets, including e-commerce fulfillment and distribution centers, traditional warehouses, food storage, industrial and retail segments. With a focus on superior quality and customized solutions, Hannibal designs and manufactures material handling products, including pallet racking systems (roll-formed, push-back, cantilever rack and drive-in rack), pick modules and shelving. The company also offers turnkey services such as installation, procurement and facility integration.
Hannibal is headquartered in Vernon, California, with an additional manufacturing campus in Houston, Texas, and three additional distribution centers.
